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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (190592)	6/17/2004 5:56:22 PM
From: TimF	Read Replies (1) \| Respond to of 1574205

My take is that most of the New Deal was economically unsound I agree. but that FDR probably saved us from a worse political crisis by being willing to experiment. Possibly. I certainly wouldn't say probably. Other deep economic downturns didn't stay down as long. I think that Hoover's mistakes combined with FDRs had a lot to do with the length of the depression and the longer depression itself increased the possibility of political crisis. I also think that the state of economic knowledge was shakier than today I agree. Hoover's policies where also bad and even decades later Nixon imposed wage and price controls. Hopefully we have put such things behind us for the foreseeable future. Tim