Saturday, March 26, 2016

The New (Bad) Deal

I used to give FDR credit for at least giving Americans hope during the Great Depression. Now it turns out that his policies likely created the conditions that required the hope he provided.

The history is not settled:

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

Once again, we find the words "I'm from the government, and I'm here to help" can be some of the scariest words in our language when they try to do things governments have no business trying to manage.

Life is funny.