FDR's policies prolonged Depression by 7 years, UCLA economists calculate

[angelatc]

http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx

Ron Paul was right. According to UCLA, FDR's policies prolonged the Depression by about 7 years.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

 

[RSLudlum]

has it really been that much of a mystery?? I've got a couple of books I could've loaned them

 

[Truth Warrior]

http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx

Ron Paul was right. According to UCLA, FDR's policies prolonged the Depression by about 7 years.

Fascist Rome was not built in a day.

Three New Deals: Why the Nazis and Fascists Loved FDR
http://www.mises.org/story/2312

 

[angelatc]

has it really been that much of a mystery?? I've got a couple of books I could've loaned them

But seeing such conformation from California warms my cockles. It isn't Berkeley, but I takes whats I can gets.

 

[revolutionist]

http://newsroom.ucla.edu/portal/ucla/fdr-s-policies-prolonged-depression-5409.aspx

ron paul was right. According to ucla, fdr's policies prolonged the depression by about 7 years.

ya think?