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Pastimes : A CENTURY OF LIONS/THE 20TH CENTURY TOP 100
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To: Neocon who wrote (1342)11/10/1999 11:19:00 AM
From: Zoltan!  Read Replies (1) of 3246
 
I agree.

>>(So much for Keynes).

Keynes is important because he provided the intellectual underpinning for the New Deal, which otherwise would have been rejected as unsound. (The ever-cynical FDR had called Hoover a dangerous radical for expanding government programs and deficits and later refused to help Hoover curb the distress during the period between the November election and March inauguration).

Of course, your observation that the New Deal failed to bring recovery is uncontestable. In fact, the economy was worse off as late as 1938-9. The New Deal's success lay in building a political machine wedded to the propagation of big government - the antithesis of what the Founders wanted.
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