Economia
That the New Deal had virtually nothing to do with modern Keynesian
theories of countercyclical demand management is crucial to understanding the nation’s present economic deformations. Contrary to the claims of
unreconstructed Keynesians like Professor Krugman, the giant programs
of fiscal stimulus and money printing after the September 2008 crisis had
no trial run or validation during the Great Depression. They are based on a
false narrative from beginning to end; that is, about why the depression
happened and what the New Deal actually did.
In truth, the New Deal was a Chinese menu with little rhyme or reason.
It included quasi-fascist schemes to regiment industries and agriculture;
public works and regional pork barrel spending to reward the New Deal
coalition; price support and production control schemes to levitate farm
prices; work relief and social programs to relieve the immense destitution
and suffering among the unemployed; and endless special interest legislation sought by unions, the housing industry, and other organized lobbies.
Some of these programs provided humanitarian relief and a safety net.
Most either retarded recovery or were abandoned before they could do
much harm. And a few—like the industrial union legislation, universal
social insurance, Fannie Mae, bank deposit insurance, and farm price
supports—lived on to cast a heavy and debilitating shadow over the distant
future.
Leia mais
- A Grande Depressão
Symposium on the Great Depression Staff: Amity Shlaes, Former Hayek Senior Fellow for Political Economy March 30, 2009 - New York, NY "History is an argument without end. That is why we love it so." These words come from the late scholar of the...
- Grande Depressão
Quotation of the Day… by Don Boudreaux on July 13, 2013 in Great Depression, Hubris and humility, Intervention … is from page 461 of economic historian Stanley Lebergott’s comprehensive, eloquent, and wise 1984 volume, The Americans:...
- Contra A Mitologia Da Grande Depressão
The New Deal Illusion by GABRIEL KOLKO What was the New Deal of the 1930s? There are so many myths surrounding it, and to a large extent the Democratic Party’s credibility today is based on the assumption they were fundamental social innovators,...
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Franklin Delano Roosevelt, presidente dos Estados Unidos 1933-1945 "... didn’t know what to do about the Great Depression he inherited from Herbert Hoover, so he tried everything. He hiked taxes, spent more money, established monopolies, enforced cartels,...
- Novo Libro Sobre A Grande Depressão
The Politically Incorrect Guide to the Great Depression and the New Deal. By Robert P. Murphy. Regnery, 2009. 199 pages. Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines....
Economia
David Stockman sobre a Grande Depressão
That the New Deal had virtually nothing to do with modern Keynesian
theories of countercyclical demand management is crucial to understanding the nation’s present economic deformations. Contrary to the claims of
unreconstructed Keynesians like Professor Krugman, the giant programs
of fiscal stimulus and money printing after the September 2008 crisis had
no trial run or validation during the Great Depression. They are based on a
false narrative from beginning to end; that is, about why the depression
happened and what the New Deal actually did.
In truth, the New Deal was a Chinese menu with little rhyme or reason.
It included quasi-fascist schemes to regiment industries and agriculture;
public works and regional pork barrel spending to reward the New Deal
coalition; price support and production control schemes to levitate farm
prices; work relief and social programs to relieve the immense destitution
and suffering among the unemployed; and endless special interest legislation sought by unions, the housing industry, and other organized lobbies.
Some of these programs provided humanitarian relief and a safety net.
Most either retarded recovery or were abandoned before they could do
much harm. And a few—like the industrial union legislation, universal
social insurance, Fannie Mae, bank deposit insurance, and farm price
supports—lived on to cast a heavy and debilitating shadow over the distant
future.
Leia mais
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- A Grande Depressão
Symposium on the Great Depression Staff: Amity Shlaes, Former Hayek Senior Fellow for Political Economy March 30, 2009 - New York, NY "History is an argument without end. That is why we love it so." These words come from the late scholar of the...
- Grande Depressão
Quotation of the Day… by Don Boudreaux on July 13, 2013 in Great Depression, Hubris and humility, Intervention … is from page 461 of economic historian Stanley Lebergott’s comprehensive, eloquent, and wise 1984 volume, The Americans:...
- Contra A Mitologia Da Grande Depressão
The New Deal Illusion by GABRIEL KOLKO What was the New Deal of the 1930s? There are so many myths surrounding it, and to a large extent the Democratic Party’s credibility today is based on the assumption they were fundamental social innovators,...
- Grande Depressão
Franklin Delano Roosevelt, presidente dos Estados Unidos 1933-1945 "... didn’t know what to do about the Great Depression he inherited from Herbert Hoover, so he tried everything. He hiked taxes, spent more money, established monopolies, enforced cartels,...
- Novo Libro Sobre A Grande Depressão
The Politically Incorrect Guide to the Great Depression and the New Deal. By Robert P. Murphy. Regnery, 2009. 199 pages. Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines....