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Hoover Dam: Worst Investment in History

loadstar Wrote: Sep 03, 2012 9:53 AM
about the failure of the New Deal (FDR) big spending to free America from the was REALLY WWII that got us out of the Depression by creating a huge demand for goods and services that woke America from its long slumber (a good 10+ years) Failed Keynesian theory-- the FDR approach-- Henry Morganthau, who was FDR's Treasury Secretary speaking to congress in 1939, after years of failed FDR policies: "We have tried spending money. We are spending more money than we have ever spent before, and it does not work. And I just have no interest in spending more, and if I am wrong, somebody else can have my job. I want to see this country prosperous. I want to see people get a job, I want to see people get enough to eat.
Don't Tread On Me3 Wrote: Sep 03, 2012 10:48 AM
Arguably, it was the passing of FDR in the course of the war that ensured we wouldn't return to his American version of fascism as the dog returns to the vomit. Also the US was the only economic power left standing after VE Day.
Charles SWVA Wrote: Sep 03, 2012 4:46 PM
Don't Tread: Did we spend as much destroying the economies of the world as we spent rebuilding them?
loadstar Wrote: Sep 03, 2012 9:53 AM

We have never made good on our promises. I say after eight years of this administration we have just as much unemployment as when we started...and an enormous debt to boot!"


Sound familiar?

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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