Hacker News new | ask | show | jobs
by paulddraper 2899 days ago
> functioning federal government

> New Deal

The New Deal is the arguably the worst economic policy in US history. It turned the Great Recession into the Great Depression [1] [2] and has been an economic anchor on the US ever since [3] [4] [5]

That it has popularly been given credit for the WWII-era economy is doctoring history. That it still further has become the epitome of good economic policy is unbelievable.

[1] http://newsroom.ucla.edu/releases/FDR-s-Policies-Prolonged-D...

[2] https://mises.org/library/how-fdr-made-depression-worse

[3] https://www.forbes.com/sites/kellyphillipserb/2018/06/05/tru...

[4] https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html

[5] https://www.forbes.com/2009/02/11/new-deal-stimulus-opinions...