Listen to Lawrence W. Reed discuss the “Great Myths” on the Mike Rosen Show.
New Deal or Raw Deal:How FDR’s Economic Legacy Has Damaged America By Burton W. Folsom Jr.
In this shocking and groundbreaking new book, economic historian Burton W. Folsom exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions.
In FDR’s Folly, historian Jim Powell argues that it was in fact the New Deal itself, with its shortsighted programs, that deepened the Great Depression, swelled the federal government, and prevented the country from turning around quickly.
“This book is in no sense a biography of Franklin D. Roosevelt. It is rather a critical account of that episode in American politics known as the New Deal. As to the President, it is an account of an image projected upon the popular mind which came to be known as Franklin D. Roosevelt. It is the author’s conviction that this image did not at all correspond to the man himself and that it is now time to correct the lineaments of this synthetic figure created by highly intelligent propaganda, aided by mass illusion and finally enlarged and elaborated out of all reason by the fierce moral and mental disturbances of the war. The purpose of this book, therefore, is to present the Franklin D. Roosevelt of the years 1932 to 1945 in his normal dimensions, reduced in size to agree with reality.” – John Flynn
“Its duration and depth made the Depression “Great,” and Shlaes, a prominent conservative economics journalist, considers why a decade of government intervention ameliorated but never tamed it.” -Booklist
“To portray the interventionist efforts of the Hoover administration to cure the depression we may quote Hoover’s own summary of his program, during his Presidential campaign in the fall of 1932.” -Murray Rothbard
A recurring economic theme of President Obama’s election campaign and presidency has been that previous administrations neglected fundamental structural problems. ... Go to blog
“Old myths never die; they just keep showing up in economics and political science textbooks.” – Lawrence W. Reed
Listen to Lawrence W. Reed discuss the “Great Myths” on the Mike Rosen Show.
In FDR’s Folly, historian Jim Powell argues that it was in fact the New Deal itself, with its shortsighted programs, that deepened the Great Depression, swelled the federal government, and prevented the country from turning around quickly.
“This book is in no sense a biography of Franklin D. Roosevelt. It is rather a critical account of that episode in American politics known as the New Deal. As to the President, it is an account of an image projected upon the popular mind which came to be known as Franklin D. Roosevelt. It is the author’s conviction that this image did not at all correspond to the man himself and that it is now time to correct the lineaments of this synthetic figure created by highly intelligent propaganda, aided by mass illusion and finally enlarged and elaborated out of all reason by the fierce moral and mental disturbances of the war. The purpose of this book, therefore, is to present the Franklin D. Roosevelt of the years 1932 to 1945 in his normal dimensions, reduced in size to agree with reality.” – John Flynn
“Its duration and depth made the Depression “Great,” and Shlaes, a prominent conservative economics journalist, considers why a decade of government intervention ameliorated but never tamed it.” -Booklist
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