Thursday, October 27, 2011

FDR Protracted the Great Depression

FDR Protracted the Great Depression

Thomas Sowell explains the Great Depression


Uncommon Knowledge: The Great Depression with Amity Shlaes

http://www.youtube.com/watch?v=lLeAqbOUt4c

Amity Shlaes challenges the received wisdom that the Great Depression occurred because capitalism broke and that it ended because FDR, and government in general, came to the rescue. According to Shlaes, it was the government that made the Great Depression worse. And was FDRs progressivism, as evident in the New Deal, really all that new, or was it a step along a progressive continuum that already had been established?

UCLA's Lee Ohanian: Hoover, Roosevelt and the Great Depression


Lee E. Ohanian, a UCLA professor of economics and authority on financial crises, presented the. Jan. 8, 2010, Jacob Marschak Interdisciplinary Colloquium On Mathematics in the Behavorial Sciences at UCLA. Ohanian detailed his research on policies by presidents Herbert Hoover and Franklin D. Roosevelt that he says catapulted a bad recession into the Great Depression and stalled recovery for years. In both cases, attempts to restrict competition led to the disastrous economic outcomes. For more information on the research, visit http://newsroom.ucla.edu/portal/ucla/pandering-to-labor-caused-great-91447.aspx and

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

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