Tuesday, May 05, 2009

FDR Made the Depression "Great" - Book by Robert Murphy

As the author abundantly shows, historical evidence strikes decisive blows against both the Keynesian and monetarist theories. On the Keynesian account, increased spending, by reviving aggregate demand, will restore good times. If so, why did Hoover and Roosevelt's massive spending leave America mired in depression?

read more | digg story

No comments:

11-14-2024

  Conspiracy Theory Purveyor Infowars and Most of its Assets Went on the Auction Block Only Netanyahu Could Have Chosen a Cushier Trump Fore...