Kevin_Kennedy
Defend Liberty
- Aug 27, 2008
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You are of the opinion that the New Deal prolonged and worsened the economic depression of the 30s?
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The economy eventually recovered from the low point of the winter of 1932-33, with sustained improvement until 1937, when the Recession of 1937 brought back 1934 levels of unemployment. There is debate among scholars as to whether New Deal policies lengthened and deepened the Depression; One small mail-in survey suggests that 27% of professional historians and 49% of professional economists believe the New Deal served to lengthen and deepen the Great depression.[2]." -Wikipedia
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We all know how reliable professional economists are in their predictions and theories, don't we?
It has been proven that FDR's New Deal prolonged the Great Depression by roughly 10 years.
The Free Market: The New Deal Debunked