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The New Deal Debunked (again)
Mises Daily
Author: Thomas J. DiLorenzo
Online Publish Date:
Category: Business Cycles, Interventionism, Monopoly and Competition, Production Theory, Big Government, Booms and Busts, Global Economy, U.S. Economy, U.S. History
Macroeconomic model builders have finally realized what Henry Hazlitt and John T. Flynn (among others) knew in the 1930s:  FDR’s New Deal made the Great Depression longer and deeper. It is a myth that Franklin D. Roosevelt “got us out of the Depression” and “saved capitalism from itself,” as generations of Americans have been taught by the state’s
The New Deal Debunked
Free Market
Author: Thomas J. DiLorenzo
Online Publish Date:
Category: Booms and Busts, U.S. History
The Free Market 24, no. 11 (November 2004)   M acroeconomic model builders have finally realized what Henry Hazlitt and John T. Flynn (among others) knew in the 1930s:  FDR’s New Deal made the Great Depression longer and deeper. It is a myth that Franklin D. Roosevelt “got us out of the Depression” and “saved capitalism from itself,” as