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The Great Recession changed a lot of minds I bet it did. Old study from UCLA: http://newsroom.ucla.edu/releases/FDR-s-Policies-Prolonged-Depression-5409 http:
by bassman9000 9y ago
The Great Recession changed a lot of minds
I bet it did. Old study from UCLA:
http://newsroom.ucla.edu/releases/FDR-s-Policies-Prolonged-Depression-5409 http://newsroom.ucla.edu/releases/FDR-s-Policies-Prolonged-D...
Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.
After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.
Edit: missed an important quote
"Ironically, our work shows that the recovery would have been very rapid had the government not intervened."