The New Deal, The Great Depression
Those who cannot remember the past are condemned to repeat it.
George Santayana
The NIRA created monopolies and strengthened crony capitalism.
Where was Woodrow Wilson when we needed him?
Unfortunately, it seems that the future Aldous Huxley predicted in 1932, in Brave New World, is arriving early. Mockery, truculence, and minimalist living are best, then enjoy the decline. However, we do need a Revolving Door Tax (RDT) and to prosecute politicians and staff and their “family and friends” who profit from insider trading.
Tags: a7KYn5xCyCI, crony capitalism, cronyism, Depression, FDR, Franklin D. Roosevelt, free markets, Great Depression, Lee Ohanian, Milton Friedman, new deal, progressive, Woodrow Wilson
