In an interview with an economic organization from India last month, I discussed many of the economic issues associated with coronavirus (fiscal fallout, excess regulation, subsidized unemployment, etc).
But I want to highlight this short clip since I had an opportunity to explain how the “New Deal” made the Great Depression deeper and longer.
For newcomers to this issue, “New Deal” is the term used to describe the various policies to expand the size and scope of the federal government adopted by President Franklin Delano Roosevelt (a.k.a., FDR) during the 1930s.
And I’ve previously citedmany experts to show that his policies undermined prosperity. Indeed, one of my main complaints is that he doubled down on many of the bad policiesadopted by his predecessor, Herbert Hoover.
Let’s revisit the issue today by seeing what some other scholars have written about the New…
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