All Posts Tagged With: "FDR"

News Flash: FDR Didn’t Restore Prosperity!

The New Deal did not end the Great Depression. This statement will come as no shock to Freeman readers, but it will to the many people who have never encountered it before. Now people are encountering it—in newspaper columns and news-talk shows. Why, after years of being taught that Franklin Roosevelt’s economic intervention saved the [...]

2Mar2009 | | 5 comments | Continued

News Flash: FDR Didn’t Fix The Economy!

The New Deal did not end the Great Depression. This statement will come as no shock to FEE supporters, but it will to the many people who never encountered it before. Now people are encountering it — in newspaper columns and news-talk shows. Why, after years of being taught that Franklin Roosevelt’s economic intervention saved [...]

15Dec2008 | | 0 comments | Continued

FDR and the Great Depression

Since everyone is certain we’re heading into some sort of economic recession, let’s start talking about depression … economic depression that is. Here’s a great recording of Burton Folsom talking to National Review about his book on the Great Depression. Spoiler alert: FDR had more to do with the depression than the markets.[audio:http://www2.nationalreview.com/dest/2008/11/05/081104jjm01folsomfinal1.mp3]

12Nov2008 | | 0 comments | Continued

The Great Escape from the Great Depression

Questions about the Great Depression may be usefully framed as pertaining to three distinct issues: the Great Contraction, the extraordinarily severe economic decline from 1929 to 1933; the Great Duration, the persistence of subpar economic performance for more than a decade; and the Great Escape, the ultimate recovery from this uniquely deep and long depression. [...]

1Oct2008 | | 6 comments | Continued

Book Reviews – 2008/5

The Politically Incorrect Guide to the Constitution by Kevin R. C. Gutzman Regnery • 2007 • 258 pages • $19.95 paperback Reviewed by J. H. Huebert Conservative commentators often tell us that if only we would get back to the Constitution as it was understood, say, 100 years ago, all would be well with our [...]

1May2008 | | 1 comment | Continued

The New Deal and the State and Local Governments

Until the twentieth century the average American in peacetime had little contact with the federal government, except for the post office, and the federal government’s policies and actions affected most people only indirectly—for example, through land-disposition policies or the tariff’s effect on commodity prices. State and local governments provided nearly all the government services the [...]

1Mar2008 | | 5 comments | Continued

The Great Depression According to Milton Friedman

The author extends special thanks to Lawrence H. White and Ivan Pongracic, Sr., for their helpful comments. Few events in U.S. history can rival the Great Depression for its impact. The period from 1929 to 1941 saw fundamental changes in the landscape of American politics and economics, including such monumental events as America ‘s going [...]

1Sep2007 | | 83 comments | Continued

The Great Duration, 1929–41

Economists, following the usage of Milton Friedman and Anna Schwartz in their classic Monetary History of the United States, call the economic collapse between 1929 and 1933 the Great Contraction. In my own writings, I have added two similar terms to refer to other aspects of the Great Depression—the Great Duration and the Great Escape. [...]

1Jul2007 | | 0 comments | Continued

The Shortcomings of Government Charity

Jude Blanchette is a freelance writer living in China. In their book, Myths of Rich and Poor, W. Michael Cox and Richard Alm observe, “Some part of human nature connects with the apocalyptic. Time and again, the pessimists among us have envisioned the world going straight to hell.” To be sure, “pessimists” apparently run most [...]

1May2007 | | 4 comments | Continued

Death by Public Works

Almost all historians who write on the New Deal praise Franklin Roosevelt for using government to “solve” economic problems. Often, however, these historians only tell part of the story. One example is Roosevelt’s vast public-works program. Here most historians wax eloquent on the dams built by TVA, the roads built by WPA, and the bridges [...]

1Mar2007 | | 1 comment | Continued

Monetary-Policy Disasters of the Twentieth Century

Kirby R. Cundiff is an associate professor of finance at Northeastern State University in Tulsa, Oklahoma, and an adjunct associate professor of finance at the University of Maryland University College. The Federal Reserve System was created in 1913 and soon did what central banks almost always do: it started printing lots of money. During World [...]

1Jan2007 | | 5 comments | Continued

Three New Deals: Reflections on Roosevelt’s America, Mussolini’s Italy, and Hitler’s Germany, 1933–1939

By Wolfgang Schivelbusch Reviewed by Richard M. Ebeling

1Jan2007 | | 0 comments | Continued

Which New Deal Program Had a Death Rate?

Franklin Roosevelt’s New Deal was often hazardous to the health of the American economy. Sometimes it was even hazardous to the health of Americans. An example is Roosevelt ‘s almost-forgotten decision in 1934 to cancel the federal airmail contracts. Here is the story. Airmail service began in 1918, and the first such flights were done [...]

1Nov2006 | | 0 comments | Continued

Freedom for Workers

In my January/February column this year I explained why I believe that, given the existence of the National Labor Relations Act (NLRA), which regulates American labor-management relations, a classical liberal should support a national right-to-work-act. Last year Freeman book review editor George Leef published Free Choice for Workers: A History of the Right to Work [...]

1Sep2006 | | 0 comments | Continued

Democracy Versus Liberty

If a foreign power took over the United States and dictated that American citizens surrender 40 percent of their income, required them to submit to tens of thousands of different commands (many of which were effectively kept secret from them), prohibited many of them from using their land, and denied many the chance to find [...]

1Aug2006 | | 3 comments | Continued

The End Run to Freedom

What does the future hold for economic life in the United States? Will we move toward greater freedom or less? What role will ideas and rhetoric play, if any, in making sure that the direction is one that lovers of freedom prefer?

1Jun2006 | | 0 comments | Continued

How U.S. Economic Warfare Provoked Japan’s Attack on Pearl Harbor

Ask a typical American how the United States got into World War II, and he will almost certainly tell you that the Japanese attacked Pearl Harbor and the Americans fought back. Ask him why the Japan­ese attacked Pearl Harbor, and he will probably need some time to gather his thoughts. He might say that the [...]

1May2006 | | 13 comments | Continued
Newer Entries • Older Entries

    • © Copyright 2011 Freeman - Ideas on Liberty. All rights reserved.

    55 queries. 3.012 seconds