The Politically Incorrect Guide to the Great Depression and the New Deal The Politically Incorrect Guides by Robert Murphy – Save 32% Today!
Why Buy A The Politically Incorrect Guide to the Great Depression and the New Deal The Politically Incorrect Guides by Robert Murphy?
In this timely new P.I. Guide, Murphy reveals the stark truth: free market failure didnt cause the Great Depression and the New Deal didnt cure it. Shattering myths and politically correct lies, he tells why World War II didn t help the economy or get us out of the Great Depression; why it took FDR to make the Depression Great; and why Herbert Hoover was more like Obama and less like Bush than the liberal media would have you believe. Free-market believers and capitalists everywhere should have this on their bookshelf and in their briefcases.
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- Condition: NEW
- ISBN13: 9781596980969
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Over 23 Five Star Customer Reviews On Amazon!
A must read for anyone who wants to understand the conservative perspective of this issue
There is more than one side to every story. “The Politically Incorrect Guide to The Great Depression and the New Deal” is an explanation of the newly emerging conservative view that the policies of Franklin Delano Roosevelt were not the Great Depression-busters that many believe them to be. Warning the reader that the current Obama administration is mirroring Roosevelt’s mistakes, “The Politically Incorrect Guide to the Great Depression and the New Deal” is a must read for anyone who wants to understand the conservative perspective of this issue.
Must read for anyone interested in the politcal past and current economy
Picked this up while researching the ‘New Deal’ fior a personal project. Boy does it blow it away.
Extremely well written. Clear in presentation.
Definately well written about what happened.
A must read for anyone interested in the past and especially for those involved with the present ecoomy.
Hoover/Roosevelt Redux
This a great read! If you want to know what our history books never told us about the Roaring Twenties and the Great Depression, this is the book to buy. All the data that show the Bush/Obama presidencies to be re-runs of Hoover/Roosevelt. Easy to read, but well researched.
The myth that free markets created the Depression is debunked
Great book. Perfectly summarizes the reasons for the Great Depression. Debunks the idea that recessions or depressions are inherent in free market economic systems, instead laying the blame squarely on Central Banking. Shows why the Great Depression started as a bad recession and how it became Great, thanks to the interventionist policies of Hoover and Roosevelt.
Robert Murphy makes use of sound economic analysis from an Austrian perspective (meaning the Austrian School of economics) to show and demonstrate how the depression was not caused by laissez faire policies but by the money supply manipulations of the Federal reserve, which was legislated into existence to purportedly reduce the number of recessions or runs of the banks that created the previous recessions. In fact the Federal Reserve merely helped to hasten the big recession that started in 1929.
What happened in 1929 is not that different to what happened in 1919-1921 (when the US suffered the OTHER Great Depression nobody hears about today). But instead of having the government reduce spending and lower taxes, to help people recover faster, the Hoover administration tried to bail out farmers, laborers and manufacturers by propping up food prices, wages and imposing a tariff that started a trade war between the US and everybody else.
Dr. Murphy debunks many other myths highly touted by historians, leftists and even many so-called conservatives:
+ That Herbert Hoover let the problem grow by a “do-nothing” approach, regardless of the clamors made by many. In fact, Hoover was a Progressive that believed it was the role of the government to command and control the economy, and like many today, did not let a good crisis go to waste, to impose many of the plans that later became part of the New Deal.
+ That Roosevelt’s New Deal programs were created to kick start the economy after the failed policies of Hoover. In fact the New Deal had its origin in programs already implemented by the Hoover administration. The only difference was in their name and scope.
+ That the spending of WWII got us out of the Depression (a myth that contradicts the much touted effectiveness of the New Deal.)
+ That the depression became great because of a tightwad Federal Reserve (Milton Friedman’s contention). In fact, the Fed increased the money supply right after the stock market crash to keep credit flowing.
Dr Murphy shows how the New Deal was more about protecting special interest groups than about helping every day Americans; how FDR created a quasi-Fascist state, by getting Big Businesses and labor unions into bed with the Government; how the World War did NOT pull the US out of the Great Depression, making the privations for many much WORSE than during the previous years before the war; how the economy recovered astoundingly fast after the war, when the US Government stopped or reduced many of its expenditures, canceled many of its New Deal programs and cut some taxes – something the Keynesian economists said could not happen: A recovery after a reduction in government spending.
Apart from debunking many myths regarding that era and the origins of the crisis, it also gives a good education in sound economics, making the book not only a good reference to debate New Deal advocates, but also to expand one’s knowledge of economics. As a companion to this book, I also recommend you seek Thomas Wood’s “Meltdown.”
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