HuffPo: On ABC’s This Week, conservative pundit George Will took up the case against Franklin Roosevelt’s New Deal, arguing that it sent confusing signals to capitalists (who apparently might otherwise have pursued lucrative deals in the 1930s market place) and turned a depression into the Great Depression.
Thankfully, Nobel laureate Paul Krugman was around to remind Will of some history — that the economy improved after the New Deal, and that it was FDR’s attempt to balance the budget in 1937 (a move favored now by many conservatives) that then cut into that progress.
Latest posts by ralph (see all)
- Fats Domino Has A Really Awesome Couch - Nov 8, 2012
- You Are Still Being Lied To: Howard Zinn’s “Columbus and Western Civilization” - Oct 8, 2012
- If ‘2001: A Space Odyssey’ Was Marketed Today (Video) - Jul 27, 2012