Saturday, November 08, 2003

FDR Was No Savior

Dr. Robert Higgs from the Independent Institute corrects the economics policies of FDR for the hapless Wall St. Journal:

"Roosevelt did not leave the United States “twice as wealthy as it was when he assumed the presidency”; indeed, according to Commerce Department estimates, the net stock of structures and equipment in the nonfarm private business sector lost approximately 15 percent of its value between 1933 and 1944. "

  • Read Dr. Higgs' Letter to the WSJ and More @ Independent.org

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