The Real Deal On The New Deal
Posted by: madisonclassicalliberal in Fiscal Policy, Monetary Policy, Regulation
During my time in college studying economics and now out of college and listening to economists on TV, I am always amazed at the misinformation current economists have regarding the true effects of FDR’s “New Deal” policies. If you have ever cared to get some insight into the economic effects that carried forth from the era of the Great Depression and the policies of the New Deal, then you will be in for a treat here. Within this great discussion among economists and historians, you will get both the correct and the incorrect analysis. This discussion was hosted in Canada so it also features the viewpoint of a Canadian historian. His responses will probably surprise you. But, pay special attention to Russ Roberts as he explains with great insight what the actual economic implications of the policies of Hoover and Roosevelt were. Russ Roberts is a professor of economics at George Mason University and blogger at Cafe Hayek.
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Tags: cafe hayek, canada, economics, george mason university, great depression, new deal, russell roberts
Amazing that popular culture has entirely whitewashed all the problems associated with the New Deal, evident from the fact that every person on this program – clearly a mix of libs and fiscal cons – was quite skeptical regarding the fruits that came from the New Deal.
I believe there will be a lot of good books coming out against the New Deal over the next few years. Seems like the right time to tell people how today’s financial crisis is very similar to the not-so-distant past that many are completely uninformed about.
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