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October 31, 2008
UCLA Economists: FDR's policies prolonged depression by 7 years
I'm told economics is a "science" of sorts, or at least likes to pretend that its not voodoo hackery using goat sacrifices and chicken blood, so science it is I guess.
I'll leave it up to the reader to decide which economic prescriptions track most closely with FDR's, the Messiah's or McCain's.
Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt...