Find out the truth about the Great Depression and the New Deal

Posted by Jason | Posted in Economics, Government, History | Posted on 23-10-2009


While I haven’t read this book yet, it will be on my list as soon as I finish Robert’s book, “The Politically Incorrect Guide To Capitalism”, which helps provide a lot of the fire power behind this blog. Although, Robert is a highly regarded economist, he brings the dismal science down to a level that even an average Joe like myself can understand. In this interview, Robert discusses his book on the Great Depression. It highlights the fallacies you’ve been sold by the liberal establishment. Want to know why Obama’s policies are not working? All you have to do is see why FDR’s did not work.  You can also check out Robert’s blog, Free Advice out at

“The Politically Incorrect Guide™ to the Great Depression and the New Deal”

June 6, 2009

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Everything they say about the Great Depression and the New Deal is wrong.

No economic myth these days is more pernicious than the myth that the free market caused the Great Depression and the New Deal got us out of it. That, as economist Robert P. Murphy points out is flat-out false. In The Politically Incorrect Guide to the Great Depression and the New Deal he provides irrefutable evidence that not only did government interference with the market cause the Great Depression (and our current economic collapse), but Herbert Hoover’s and Franklin Delano Roosevelt’s big government policies afterwards made it much longer and much worse (just as President Barack Obama’s extraordinary expansion of government promises to do today). Perhaps even more compelling, Murphy exposes the untold story behind the New Deal—how it operated by force, and why what’s really at stake is not only our economy but our liberty. The real “lessons of the Great Depression” are not what you’ve been taught.

via Financial Sense Newshour Expert ~ Robert P. Murphy 06.06.2009.

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