[FoRK] Fwd: Misplaced hero worship: let the invocations begin...
sdw at lig.net
Wed Aug 27 01:26:00 PDT 2008
Excellent paper. Great formulas! I will study that. So FDR finally
taught us a lesson, we were too thick to see it until now. It was my
impression that we had learned quite a bit about what not to do.
I note the parallel between the lack of anti-trust enforcement then and
now. Less strictly needed now perhaps just because of good competition
in most areas and well-internalized rules against anti-competitive
practices mostly. But still.
I also note that it was two specific policies that they say caused the
extension of the Depression (allowing collusion and forcing extra-high
salaries), neither of which had to do with social support spending.
Which is not to totally defend other practices, they are just not listed
as significantly supporting your point.
Jeff Bone wrote:
> Saving you the effort.
> Begin forwarded message:
>> So the cyclic invocations of the great FDR began again on Saturday
>> with the Obama / Biden --- or should I say "President Biden and
>> Barack America" --- joint appearance.
>> Thing is, FDR's policies increased length of the Great Depression,
>> perhaps even doubling it.
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