Reddit Reddit reviews FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

We found 10 Reddit comments about FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression. Here are the top ones, ranked by their Reddit score.

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FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression
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10 Reddit comments about FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression:

u/blake1988 · 26 pointsr/ShitPoliticsSays

Also no mention of studies and credible books of how FDR's policies prolonged Depression by 7 years or more.

Thomas Sowell

u/slayer991 · 20 pointsr/Libertarian

HE GOT US OUT OF THE DEPRESSION!?!?!

Uh, no he didn't. He made things so much worse.

Here's a good read FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

u/liatris · 4 pointsr/Conservative

Milton Friedman repeatedly pointed out how FDR's actions actually prolonged the Great Depression. Here is a good book on the topic if anyone is interested.

FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

u/Dhaerrow · 1 pointr/worldpolitics

To be clear, you didn't actually read any of the primary or secondary sources, you just found out who wrote them and how they lean politically and then based your assessment of their work on that?

Way to double-down on the argument from authority.

FDR's FOLLY by Jim Powell is where I got most of my information. You should give it a go. And yes, he "leans right" in case you're thinking of using that as a rebuttal.

u/hotsizzlepancakes · 1 pointr/todayilearned

Do some reading and get back to us.

http://www.amazon.com/FDRs-Folly-Roosevelt-Prolonged-Depression/dp/140005477X

“Admirers of FDR credit his New Deal with restoring the American economy after the disastrous contraction of 1929—33. Truth to tell–as Powell demonstrates without a shadow of a doubt–the New Deal hampered recovery from the contraction, prolonged and added to unemployment, and set the stage for ever more intrusive and costly government. Powell’s analysis is thoroughly documented, relying on an impressive variety of popular and academic literature both contemporary and historical.”

–Milton Friedman, Nobel Laureate, Hoover Institution

“There is a critical and often forgotten difference between disaster and tragedy. Disasters happen to us all, no matter what we do. Tragedies are brought upon ourselves by hubris. The Depression of the 1930s would have been a brief disaster if it hadn’t been for the national tragedy of the New Deal. Jim Powell has proven this.”

–P.J. O’Rourke, author of Parliament of Whores and Eat the Rich

“The material laid out in this book desperately needs to be available to a much wider audience than the ranks of professional economists and economic historians, if policy confusion similar to the New Deal is to be avoided in the future.”

–James M. Buchanan, Nobel Laureate, George Mason University

“I found Jim Powell’s book fascinating. I think he has written an important story, one that definitely needs telling.”

–Thomas Fleming, author of The New Dealers’ War

“Jim Powell is one tough-minded historian, willing to let the chips fall where they may. That’s a rare quality these days, hence more valuable than ever. He lets the history do the talking.”

–David Landes, Professor of History Emeritus, Harvard University

“Jim Powell draws together voluminous economic research on the effects of all of Roosevelt’s major policies. Along the way, Powell gives fascinating thumbnail sketches of the major players. The result is a devastating indictment, compellingly told. Those who think that government intervention helped get the U.S. economy out of the depression should read this book.”

–David R. Henderson, editor of The Fortune Encyclopedia of Economics and author of The Joy of Freedom


u/aletoledo · 0 pointsr/Economics

Unfortunately I know the history of Keynesianism all too well. I have read much more than wikipedia. I would recommend that you check out some of the articles at mises.org and "FDR's Folly".

You really want Keynesianism to be a sound theory because Obama is heading along those lines, but you need to assemble the facts first. Blindly cheering for something you haven't researched is not going to get you very far.

u/sonicjr · -1 pointsr/todayilearned

His domestic policies greatly worsened the Great Depression; in fact the depression would never have become "Great" but for his policies.

If you really are interested in getting more in-depth knowledge I highly recommend the book FDR's Folly.

He was a fantastic wartime president but absolutely ruined the economy for the better part of two decades.

u/3-10 · -1 pointsr/PoliticalHumor

It wasn’t the war that did it either. If you look at GPP it wasn’t very good till 1946. Even during the war people lived quite poorly until the free market was once again let loose.

Check this out: FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

https://www.amazon.com/dp/140005477X/ref=cm_sw_r_sms_awdb_t1_x28pDb642CV15