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Robert P. Murphy has a Ph.D. in economics from New York University and runs the blog Free Advice. He is the author of The Politically Incorrect Guide to the Great Depression and the New Deal (Regnery, 2009).
Jeff Madrick is a regular contributor to The New York Review of Books and a former economics columnist for The New York Times. He is editor of Challenge Magazine, visiting professor of humanities at The Cooper Union, and senior fellow at the Schwartz Center for Economic Policy Analysis, The New School. His latest book, The Case for Big Government (Princeton), was named one of two 2009 PEN Galbraith Non-Fiction Award Finalists. He is at work on a history of the U.S. economy since 1970, to be published by Alfred A. Knopf.
This is a debate between Robert P. Murphy and Jeff Madrick. Murphy is an Austrian and Madrick is a Keynesian.
Robert P. Murphy has a Ph.D. in economics from New York University and runs the blog Free Advice. He is the author of The Politically Incorrect Guide to the Great Depression and the New Deal (Regnery, 2009).
Jeff Madrick is a regular contributor to The New York Review of Books and a former economics columnist for The New York Times. He is editor of Challenge Magazine, visiting professor of humanities at The Cooper Union, and senior fellow at the Schwartz Center for Economic Policy Analysis, The New School. His latest book, The Case for Big Government (Princeton), was named one of two 2009 PEN Galbraith Non-Fiction Award Finalists. He is at work on a history of the U.S. economy since 1970, to be published by Alfred A. Knopf.
PublicSquare.net - Common Ground, Uncommon Debate - Was the New Deal a Raw Deal?
When did Herbert Hoover balance the budget? Hoover was a big government spender long before he became President, and up until FDR spent more money to combat the depression than any president ever had during a recession.Will Republicans ever give up trying to make FDR and the Democrats responsible for the Great Depression? If FDR's plan was the New Deal can anyone name the plan for the Republicans to fight the depression. The Republican plan was to balance the budget. In any case America's most noted historians still name FDR as America's greatest president, and the New Deal as the best plan of the time to help the nation. What plan do we use today for signs of an oncoming recession/depression? Why don't we use the new Republican plan?
Contrary to popular myth, WWII did not get us out of the depression.....It only distracted from the fact that the nation was still in depression...The state of total war is one of shortages, rationing, and general privation, all of which occurred during the both the depression and war...And afterward, there was a deep recession, as the millions involved in the war economy lost their jobs and war industries shuttered....The main thing that enabled a swift recovery, was the fact that Murica had the only functioning industrial economy remaining on the planet.FDR's New Deal extended the Depression. It took WWII to get us out. FDR owns the Depression, and an argument can be made that he WANTED to do exactly that to install Socialism, and make the American people DEPENDENT on government.
If you want to frame it that way, then yes....But that was at the cost of plunging the rest of the planet into pre-industrial economic conditions.....So then it's arguable that the depression wasn't alleviated, just displaced.So, in effect WII DID get us out of the depression because it destroyed most of the industry of our competitors.
Capitalism "died in 1929" and socialism has been bailing out capitalism ever since.This is a debate between Robert P. Murphy and Jeff Madrick. Murphy is an Austrian and Madrick is a Keynesian.
Robert P. Murphy has a Ph.D. in economics from New York University and runs the blog Free Advice. He is the author of The Politically Incorrect Guide to the Great Depression and the New Deal (Regnery, 2009).
Jeff Madrick is a regular contributor to The New York Review of Books and a former economics columnist for The New York Times. He is editor of Challenge Magazine, visiting professor of humanities at The Cooper Union, and senior fellow at the Schwartz Center for Economic Policy Analysis, The New School. His latest book, The Case for Big Government (Princeton), was named one of two 2009 PEN Galbraith Non-Fiction Award Finalists. He is at work on a history of the U.S. economy since 1970, to be published by Alfred A. Knopf.
PublicSquare.net - Common Ground, Uncommon Debate - Was the New Deal a Raw Deal?
Capitalism "died in 1929" and socialism has been bailing out capitalism ever since.
We should have no security problems in our free States. The right wing refuses to pay war time tax rates.Capitalism "died in 1929" and socialism has been bailing out capitalism ever since.
But, what about the Militia?
We should have no security problems in our free States. The right wing refuses to pay war time tax rates.
Don't do it!...He's a tar baby of stoopit.As long as we have an element of "freedom", and are Human Beings there will always be security, and safety issues.
Our Second Amendment expressly declares what is necessary to the security of a free State.We should have no security problems in our free States. The right wing refuses to pay war time tax rates.
As long as we have an element of "freedom", and are Human Beings there will always be security, and safety issues.
Our Second Amendment expressly declares what is necessary to the security of a free State.
