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To: fhayek

>> I’m just like FDR. We all have warm and friendly feelings about him, right?

I sure don’t. A realistic view of the history is that he turned what should have been a 3-4 year bad recession into a decade-long Great Depression with his governmental solutions, when free markets should have been allowed to work.


6 posted on 06/15/2019 3:53:46 PM PDT by FreedomPoster (Islam delenda est)
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To: FreedomPoster

Many of FDRs policies were just a continuation of policies that were already started under Hoover.


7 posted on 06/15/2019 3:54:37 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: FreedomPoster
Roosevelt's love of expansive regulation and new federal agencies disordered markets and created uncertainty that impaired investment and hiring. His policy of gold accumulation also contributed to the worldwide decline in gold-based monetary liquidity that made the Depression so wrenching.

Even the banking crisis in 1933 can be laid at Roosevelt's door in that he refused during the transition to approve having the Fed and US Treasury act as lender of last resort to the struggling banking system. Economists and bankers eventually prevailed on Roosevelt to adopt such a policy, which then spurred the beginning of recovery.

24 posted on 06/15/2019 7:38:35 PM PDT by Rockingham
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