Thursday, January 8, 2009

Can the Government spend and regulate its way out this mess?

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

 

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.

 

Ironically, our work shows that the recovery would have been very rapid had the government not intervened."

 

 

 

 

 

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