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NewDeal
Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Aug 25, 2008 6:14 am

programs put in place by to "end" the in the

/ critique

[Amity Shlaes] writes - Perverse monetary policy was the greatest cause of the Great Depression. But five non-monetary missteps were important in making the Depression great:... Giving in to protectionism... Blaming the messenger... Increasing taxes in a downturn... Assuming bigger government will bring back growth... Ignoring the cost of inconsistency.

[Anthony Gregory] says History has showed this to be the case. In a time when corporations were seen as too big and monopolistic, Roosevelt's National Recovery Administration forced them to merge. In a time when Americans were going hungry, Roosevelt's Agricultural Adjustment Administration spent hundreds of millions of dollars to encourage farmers to kill livestock and destroy crops, and it paid a sugar corporation not to produce sugar. His Civilian Conservation Corps paid good money to youth to dig holes and fill them up when they could have actually been producing something. The government jailed tailors who sold suits for less than the legal price... And in spite of conventional wisdom, the standard of living in America didn't pick up because of World War [II], but only afterwards, when politicians stopped trying to run everything.

wrote Only the few laissez-faire liberals saw the direct filiation between Hoover's cartelist program and the fascistic cartelization imposed by the 's [NRA] and [AAA], and few realized that the origin of these programs was specifically such Big Business collectivist plans as the famous [Swope Plan], spawned by [Gerard Swope], head of [General Electric] in late 1931, and adopted by most big business groups in the following year

[George Leef] reviews [Amity Shlaes]' The [Forgotten Man] with Her lucid and highly readable book leaves the reader with the understanding that capitalism got a bum rap in the 1930s and that the New Deal, far from being brilliant, was a nightmare... The little-known truth (although painfully evident at the time) is that economic conditions had improved only slightly during Roosevelt's first term and took a nosedive in the latter half of 1937, giving the nation a depression within a depression. While the United States had suffered through recessions in the past (always, Murray Rothbard has shown, owing to monetary bungling by the government), not one had lasted more than two years. Instead of hastening the normal recovery, the efforts of Hoover and Roosevelt had managed only to deepen and lengthen the misery while transforming the nation in terrible ways... As an aside, one can't help wondering what the United States would be like today if, instead of turning to coercive, statist "remedies" for the Depression, Americans had drawn the correct conclusions and turned away from the bad policies they already had, especially high -s and [Central Banking]... A hallmark of modern politics in America is the use of cronies to shape public opinion by creating good news where there really isn't any and pinning the blame for bad news on scapegoats. Those tactics were perfected in Roosevelt's first term. Shlaes points out, for example, that the federal government hired lots of artists whose job it became to do everything they could to extol the New Deal. The Federal Theater Project, for example, dramatized the evils of electric power companies and suggested that governmental ownership along [Tennessee Valley] Authority lines would be the people's salvation. And photographers were paid to seek out scenes that would cast a favorable light on the New Deal. didn't invent the "continuing campaign" - Roosevelt did.

While popular accounts hold that government corrective action did not begin until 1933, after the defeat of President Herbert Hoover by Franklin Delano Roosevelt, that is not the case. After the stock-market crash, Hoover signed the historic [Smoot Hawley] tariff increase, crippling U.S. exports and world trade generally; pressured businessmen to maintain high real wages despite falling prices and a declining demand for labor; supported increased government spending; raised taxes; engaged in deficit spending; and backed the creation of new interventionist programs and agencies, such as the Reconstruction Finance Corporation to funnel capital to favored failing banks, railroads, and state governments. This was hardly laissez faire. As historian William Appleman Williams wrote, Hoover was not the last of the old presidents but the first of the new. (That mini-essay is followed by many links to references.)

the birth of

http://en.wikipedia.org/wiki/New_Deal

http://en.wikipedia.org/wiki/Critics_of_the_New_Deal

http://newdeal.feri.org/

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