Tuesday, February 3, 2009

How Government Prolonged the Depression - from TWSJ


The New Deal is widely perceived to have ended the Great Depression, and this has led many to support a "new" New Deal to address the current crisis. But the facts do not support the perception that FDR's policies shortened the Depression". So begins the analysis, by two University Profs., of our present bad luck economic picture.

The article is not long, and is very readable. More importantly, it can be very enlightening to those of us who are generally clueless when it comes to national economics.

If you at least want to be able to decide for yourself whether the White House is headed in the right direction in regard to the current recession, then click HERE.

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