in 1933 had attempted to "stimulate" the U.S. economy under today's regulations, those FDR projects would have gotten under way sometime in the mid 1950s, if you go by Medan McArdle's estimates of how many years it would take to get Mike Huckabee's public works project off the ground. Oh, and by the way. FDR's public works idea didn't work, it simply made economic conditions even worse and helped stall the economy for another half-decade. Amity Shlaels has a little book out documenting the whole sorry record of the FDR led economic non-recovery. If truth be told, the story of the "Great Depression" is the story of how the Federal government turned a short-term market correction into a titanic economic train wreck. Yes, Virginia, the cure often is worse than the disease.
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ABOUT THE AUTHOR
Greg Ransom has a degree
in Political Science
and an advanced degree in
Philosophy, with a specialty
in the philosophy of science
with a special focus on the
science of economics.
Ransom is well know among
scholars writing on the
ideas of Friedrich Hayek.
Ransom studied with
philosophers of science
Alex Rosenberg and
Larry Wright.
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