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Which specific policies of his helped handle the Great Depression? I just want to hear about that since that is the only thing that matters.
The Tennessee Valley Authority, the Works Progress Administration and the Civilian Conservation Corps were all efforts that put unemployed Americans to work while simultaneously producing tangible benefits for the country.
He was certainly better than most. Think about the issues he faced and think about how other presidents may have fared... most would probably performed poorly and like him or not, he responded and responded well. I would give him a 7.. maybe an 8. Like most presidents, he did some good.. and some bad... but being elected 4 times says something in and of itself. No president was presented with the same challenges as Roosevelt. We feel his presidential impact today (good and bad)...
The Tennessee Valley Authority, the Works Progress Administration and the Civilian Conservation Corps were all efforts that put unemployed Americans to work while simultaneously producing tangible benefits for the country.
No that was money sucked out of private pockets and diverted to projects that FDR and his govt could use with great fanfare
You should read Economics in One Lesson by Henry Hazlitt. In fact everyone should.
He uses example after example to dismantle the myth of govt spending as a cure to an ailing economy, while illustrating how its the cause.
Americas Great Depression by Rothbard is another one.
So there was robust GDP growth for several years, although the unemployment rate remained high (reminds me of the stubborn jobless numbers after the Great Recession of 2007). Then there was a short downturn in 1938, with a modest recovery that gained steam as WWII approached.
So there was robust GDP growth for several years, although the unemployment rate remained high (reminds me of the stubborn jobless numbers after the Great Recession of 2007). Then there was a short downturn in 1938, with a modest recovery that gained steam as WWII approached.
Recession is an economic term that is strictly defined as 2 or more economic quarters in the negative.
Depression is a feeling, and it didnt end in 1933.
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Quote:
Originally Posted by Frank DeForrest
You should read Economics in One Lesson by Henry Hazlitt. In fact everyone should.
He uses example after example to dismantle the myth of govt spending as a cure to an ailing economy, while illustrating how its the cause.
i have never understood why people like you differentiate between public and private spending as if money isnt green either way.
You can debate HOW money is spent all day, but its still money.
He was certainly better than most. Think about the issues he faced and think about how other presidents may have fared... most would probably performed poorly and like him or not, he responded and responded well. I would give him a 7.. maybe an 8. Like most presidents, he did some good.. and some bad... but being elected 4 times says something in and of itself. No president was presented with the same challenges as Roosevelt. We feel his presidential impact today (good and bad)...
Maybe you need to take a little history. After the Revolution and Civil war, We were broke. Talk about depression when your town is destroyed and no jobs and no food. What saved FDR was WW 2. That's when lots of jobs were created in war production. Any President would have entered WW 2 after We were attacked, which by the way he ignored a bunch of signs knowing what Japan would do so and should hve put a better defense in Hawaii and the Pacific. His foreign policy behind close doors was to force Japan to attack us and for us enter WW 2 which the public was strongly against before Pearl Harbor. (That's another topic)
It payed off, We won the war and became a Super Power and could dictate the world's economy and commerce. If We would have lost the war, then his mistakes and policies would have been felt a lot harder today.
The Tennessee Valley Authority, the Works Progress Administration and the Civilian Conservation Corps were all efforts that put unemployed Americans to work while simultaneously producing tangible benefits for the country.
His tax on undistributed profits took money away from businesses that was normally used to retain employees since the cost of retraining is high. Instead people were laid off and the future of those companies was put at risk since research and development is usually the first division to get closed down.
Instead of having an inefficient government creating debt under the guise of creating jobs, leave the money in the hands of the people. Why in the world would anyone listen to government about the economy when we know for a fact that government is the one that wrecks the economy?
That said, if one is going to force artificial growth in an industry, infrastructure is the least offensive. It's still not very efficient.
i have never understood why people like you differentiate between public and private spending as if money isnt green either way.
Thank you for admitting you don't understand economics well. Takes a big person to admit their mistake.
Quote:
Originally Posted by dsjj251
You can debate HOW money is spent all day, but its still money.
If you read the book the poster you quoted mentioned, you'd understand economics and the free market.
Public spending created debt and is inefficient. You're okay with government spending $100 on something the free market spends $90 on and is better quality? Public money is created out of thin air and it devalues the dollar.
If Hazlitt was an NFL team, the Patriots would have never won a Super Bowl. That's how good he is on economics and that's an understatement.
Last edited by Loveshiscountry; 09-20-2021 at 11:42 AM..
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