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Title: FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression by JIM POWELL ISBN: 0-7615-0165-7 Publisher: Crown Forum Pub. Date: 23 September, 2003 Format: Hardcover Volumes: 1 List Price(USD): $27.50 |
Average Customer Rating: 3.52 (25 reviews)
Rating: 5
Summary: FDR's Folly: How Roosevelt and His New Deal Prolonged the Gr
Comment: This groundbreaking book pulls back the shroud of awe and the cloak of time enveloping FDR to prove convincingly how flawed his economic policies actually were, despite his good intentions and the astounding intellect of his circle of advisors. In today's turbulent domestic and global environment, eerily similar to that of the 1930's, it's more important than ever before to uncover and understand the truth of our history, lest we be doomed to repeat it
Rating: 5
Summary: FDR's New Deal=Socialistic Garbage
Comment: Jim Powell has written an excellent, easy to understand, explanation of why FDR's New Deal economic policies of the 1930's and 1940's did much more harm than good. One does not need a degree in economics to comprehend Mr. Powell's delineation of why FDR's excruciatingly high personal and business taxes, anti-competitive business regulations, price supports, restrictive domestic and international trade policies did the economy, already in the midst of a depression, even more detriment. Oh yes, Herbert Hoover does not get off the hook entirely. He too increased taxes and signed into law the infamous Smoot-Hawley international tariff bill. However, FDR did not represent change from Hoover's mistakes. He, in essence, followed the same policies as Hoover, but only much more severely. In addition, FDR's economic advisors were a motly crew of pompous neosocialists, who thought only they knew what was good for the economy even though the vast majority of them were never themselves businessmen. Even if you do not agree with Jim Powell's conclusions, though the evidence is quite incontrovertible, I highly recommend that you read this book. Mr. Powell does what a good writer should. He makes you think.
Rating: 5
Summary: quick comment:
Comment: This is a great book. Ignore the fool below citing GNP figures that supposedly contradict Jim Powell's work here. The GNP is a joke. Remember, GNP rises when government spending rises, even though government spending does not increase wealth (it merely moves existing wealth around because all government spending must either come from expropriating from producers through taxation or by printing money). Just because the GNP is rising does not mean that the economy is improving. (Consider this: the neocon's war in Iraq is draining huge amounts of private wealth from the economy, and yet GNP would show that the war is GOOD FOR THE ECONOMY. Sorry, that doesn't fly). Before you pull figures out of your azz you should understand what they mean. Buy the book, it's good. Also pick up Murray Rothbard's _America's Great Depression_, which examines the cause of the Depression with using Austrian business cycle theory and analyzes Hoover's economically destructive policies. (Had Rothbard gotten into FDR's policies, he probably would have a written 3000 page taxonomy on intervention.) This makes a great companion to Rothbard's classic.
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Title: Applied Economics: Thinking Beyond Stage One by Thomas Sowell ISBN: 0465081436 Publisher: Basic Books Pub. Date: 11 November, 2003 List Price(USD): $30.00 |
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Title: Human Accomplishment: The Pursuit of Excellence in the Arts and Sciences, 800 B.C. to 1950 by Charles Murray ISBN: 006019247X Publisher: HarperCollins Pub. Date: 21 October, 2003 List Price(USD): $29.95 |
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Title: Legacy: Paying the Price for the Clinton Years by Rich Lowry ISBN: 0895261294 Publisher: Regnery Publishing, Inc. Pub. Date: October, 2003 List Price(USD): $27.95 |
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Title: No Excuses: Closing the Racial Gap in Learning by Stephan Thernstrom, Abigail Thernstrom ISBN: 0743204468 Publisher: Simon & Schuster Pub. Date: 14 October, 2003 List Price(USD): $26.00 |
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Title: In Denial: Historians, Communism, & Espionage by John Earl Haynes, Harvey Klehr ISBN: 1893554724 Publisher: Encounter Books Pub. Date: September, 2003 List Price(USD): $25.95 |
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