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Hoover Dam: Worst Investment in History

MacBeth51 Wrote: Sep 03, 2012 7:28 PM
The dam was authorized in '28, construction was started in '31, during Hoover's term in office. All FDR did was show up at the end, like Nixon taking credit for the moon landing. Irregardless of your your opinion of the New Deal, and I think Bad Deal would be a better name, the dam predated it. Why is this important? It shows that Republicans are just as bad as Democrats at fouling things up.

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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