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Burton W. Folsom

Burton W. Folsom bfolsom@hillsdale.edu

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Article

#37 – If FDR's New Deal Didn't End the Depression, Then It Was World War II that Did

DECEMBER 26, 2014

Wars aren't cures for depressions. They simply divert manpower and resources away from what consumers want to what government wants to win the conflict.

Article

How FDR’s Economic Bill of Rights Changed American Politics

NOVEMBER 01, 2012

President Roosevelt's promotion of his Economic Bill of Rights crystallized the rising dominance of statist ideas; the rights he asserted only have meaning if government is the source of all rights.

Article

Andrew Higgins: Boat Builder of WWII

DECEMBER 22, 2010

Article

For the Survival of Democracy: Franklin Roosevelt and the World Crisis of the 1930s

A Step Forward, Albeit Weak in Economic Analysis
JULY 08, 2010

Article

Why Did the National Road Fail?

Political Motives, Not Economic Ones, Dominate Government-Spending Decisions
JULY 07, 2010

Article

FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

Why Did New Deal Spending Fail to Lift the American Economy?
JULY 06, 2010

Article

What Ended the Great Depression?

FEBRUARY 24, 2010

Article

The Founders, the Constitution, and the Historians

JUNE 11, 2009

How could Charles Beard have erred so badly in arguing that the Constitution was written mainly to serve the signers' economic interests? In part Beard missed the mark because he was trying to hit something else--a Progressive agenda for reform, the excuse to transfer wealth from the haves to the have-nots. If the Founders were merely protecting their economic interests, Beard and his progressive friends were justified in supporting the redistribution of wealth.

Article

The NRA: How Price-Fixing Perpetuated the Great Depression

APRIL 01, 2009

The National Industrial Recovery Act (NRA) dramatically altered America's traditional free-market system. Under the NRA, a majority of firms in any industry had government approval backed by force to determine how much a factory could expand, what wages had to be paid, the number of hours to be worked, and the prices of products. Whether or not a businessman helped write the code for his industry, he was bound by the terms and subject to a fine or jail term if he violated them.

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