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The New Deal

MARCH 14, 2013

"The New Deal" is the name of series of legislative initiatives between 1933 and 1938 which greatly expanded governments role in the economy with . FDR helped create agencies like the, National Recovery Administration, Civilian Conservation Corps, the Works Progress Administration, Securities and Exchange Commission, the National Labor Relations Board in order to reinvigorate the economy. Despite FDR’s intentions, New Deal programs had the opposite effect. The government out-competed the private sector for resources while creating many jobs for which there was no consumer demand. This not only harmed existing businesses, but caused what economic historian Robert Higgs calls regime uncertainty as entrepreneurs refrained from starting new projects since they could not appropriately anticipate the effects of future government interventions.

 

Burt and Anita Folsom - FDR, the New Deal, and the Expansion of Federal Power (Reason TV)

 

Burt Folsom - FDR and the Great Depression

FDR and the Great Depression from FEE on Vimeo.

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Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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