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Hoover Dam: Worst Investment in History

lara3 Wrote: Sep 03, 2012 10:32 PM

The great depression did not end with the "new deal" nor did it end with WWII, though it seemed to end. The Great Depression was not truly over until the End of WWII and the beginning of the "Cold War." The New Deal had absolutely nothing to do with ending the depression, but a lot to do with prolonging it.

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Hoover Dam: Worst Investment in History

Economics professor Bernard Malamud not once but twice invited the crowd in Las Vegas to visit nearby Hoover Dam to see for themselves an example of the productive assets that were created by Franklin Delano Roosevelt's (FDR) New Deal. Professor Malamud was recruited to plead the Keynesian side of the argument in an "FDR's Depression Policies: Good Deal or Raw Deal?" debate with the Foundation for Economic Education's (FEE) Lawrence Reed during FreedomFest.

I finished my masters degree from UNLV under the tutelage of Murray Rothbard but I started my coursework with a class or two from professor Malamud, who, while...

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