“Some defenders of FDR, such as economist Paul Krugman, blame the 1937–38 collapse on a reduction in government spending. In typical Keynesian fashion, they claim that the economy tanked that year because the president, after nearly doubling federal spending in… — Lawrence W. Reed Copy Share Image
“Under Roosevelt, the top rate was raised at first to 79 percent and then later to 90 percent. Economic historian Burton Folsom notes that… — Lawrence W. Reed Copy Share Image
“Some economists have estimated that the NRA boosted the cost of doing business by an average of 40 percent — not something a depressed… — Lawrence W. Reed Copy Share Image
“In surveys, a majority consistently rank FDR near the top of the list for presidential greatness, so it is likely they would reject the notion that the New Deal was responsible for prolonging the Great Depression. But when a nationally representative poll by the American Institute of Public Opinion in the spring of 1939 asked, “Do you think the attitude… — Lawrence W. Reed Copy Share
“Life, liberty, and property do not exist because men have made laws,” Bastiat reasoned. “On the contrary, it was the fact that life, liberty,… — Lawrence W. Reed Copy Share Image
“The Wagner Act, or National Labor Relations Act, was passed in reaction to the Supreme Court’s voidance of NRA and its labor codes. It… — Lawrence W. Reed Copy Share Image
“During a period of barely two months during late 1937, the market for steel — a key economic barometer — plummeted from 83 percent… — Lawrence W. Reed Copy Share Image
“It constantly amazes me that defenders of the free market are expected to offer certainty and perfection while government has only to make promises… — Lawrence W. Reed Copy Share Image
“In politics, the connection between what you pay for and what you actually get is problematic at best... This is another way of asserting… — Lawrence W. Reed Copy Share Image
“Collectivists see the world the way Mr. Magoo did—as one big blur. They homogenize people in a communal blender, sacrificing the discrete features that… — Lawrence W. Reed Copy Share Image
“In the six months after the law took effect, industrial production dropped 25 percent. Benjamin M. Anderson writes, “NRA was not a revival measure.… — Lawrence W. Reed Copy Share Image
“Some defenders of FDR, such as economist Paul Krugman, blame the 1937–38 collapse on a reduction in government spending. In typical Keynesian fashion, they… — Lawrence W. Reed Copy Share Image
“No matter where you are on the issue, there is no solution to it within a government school context, only perpetual conflict. The answer… — Lawrence W. Reed Copy Share Image
