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In the six months after the law took effect, industrial…

“In the six months after the law took effect, industrial production dropped 25 percent. Benjamin M. Anderson writes, “NRA was not a revival measure. It was an anti-revival measure … Through the whole of the NRA period industrial production did not rise as high as it had been in July 1933, before…” quote by Lawrence W. Reed
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““In the six months after the law took effect, industrial production dropped 25 percent. Benjamin M. Anderson writes, “NRA was not a revival measure. It was an anti-revival measure … Through the whole of the NRA period industrial production did not rise as high as it had been in July 1933, before NRA came in.”25””

Lawrence W. Reed

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

The NRA policies lowered industrial output rather than reviving the economy, showing that intervention can suppress production.

In simple terms: NRA hurt production.

Key Takeaway

Avoid over‑regulation.

Themes

economics policy history

Mood

critical analytical

Type

historical economic

When to use this quote

  • industrial planning
  • business strategy
  • policy analysis

Key Concepts

government intervention market effects

Questions to Reflect On

  • Can regulation ever boost output without side effects?
  • What alternatives could have revived the economy?
A Different Perspective

Regulation may protect but also stifle growth.

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