Jun 06

The Politically Incorrect Guide to the Great Depression and the New Deal

Posted by Kristjan Velbri | Posted in Finance, Politics | Posted on 06-06-2009

Politically Incorrect Guide to the Great Depression and the New DealThis week Jim Puplava is interviewing Robert P. Murphy, the author of The Politically Incorrect Guide to the Great Depression and the New Deal. In his book, Mr. Murphy refutes the myth that FDR and the New Deal fixed the economy. In fact, he claims that it’s FDR who made the depression Great in the first place. The interview can be downloaded here.

From the book flap:

No economic myth these days is more pernicious than the myth that the free market caused the Great Depression and the New Deal got us out of it. That, as economist Robert P. Murphy points out is flat-out false. In The Politically Incorrect Guide to the Great Depression and the New Deal he provides irrefutable evidence that not only did government interference with the market cause the Great Depression (and our current economic collapse), but Herbert Hoover’s and Franklin Delano Roosevelt’s big government policies afterwards made it much longer and much worse (just as President Barack Obama’s extraordinary expansion of government promises to do today). Perhaps even more compelling, Murphy exposes the untold story behind the New Deal—how it operated by force, and why what’s really at stake is not only our economy but our liberty. The real “lessons of the Great Depression” are not what you’ve been taught.

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