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4 posted on 03/06/2009 9:29:07 PM PST by FocusNexus ("Good and evil are present in this world, and between the two there can be no compromise." GW Bush)

FDR’s policies prolonged Depression by 7 years, UCLA economists calculate

http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx

“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”

7 posted on 03/06/2009 9:31:17 PM PST by FocusNexus ("Good and evil are present in this world, and between the two there can be no compromise." GW Bush)