Remember the Great Depression of 1921? Of course you don’t. There was a sharp short economic contraction after World War I. The government did not intervene and the economy rapidly recovered as supply and demand did its job. The storyline believed by millions of non-thinking dolts is that FDR’s Keynesian economic policies saved the country during the Great Depression. This storyline is complete and utter bullshit propagated by the liberal do-gooder control freaks that dominate the media and government. FDR’s intervention in free markets extended and deepened the Great Depression. He made the depression Great. His policies did not result in recovery. Unemployment was still 17% in the late 1930′s. Instead of learning from the past, today’s economic gurus and spineless politicians have used the same failed economic policies to “save” us from another Great Depression. Instead they have sentenced us to a Greater Depression. So it goes.
FDR’s policies prolonged Depression by 7 years, UCLA economists calculate
By Meg Sullivan Category: Research