The New Deal Was A Failure: Hoover and FDR Prolonged the Great Depression with Big Government

This mini-documentary from the Center for Freedom and Prosperity Foundation explains how the statist policies of Presidents Hoover and Roosevelt lengthened and deepened the Great Depression. The video also briefly explains how reductions in the burden of government spending helped the economy recover from a deep recession after World War I and to grow after World War II.

Category:

Nonprofits & Activism

Tags:

• new
• deal
• great
• depression
• roosevelt
• hoover
• taxes
• waste
• recession
• growth
• unemployment
• michelle
• fields
• quinlan
• mitchell
• cfp
• cf&p
• freedom
• prosperity
• oecd

[YaHuWaHservant]

@Salvysahagun sell the highway to a corporation, who then sets up a toll booth. My way is that I spent 50 million of my money/investor money to build something and set up a toll booth tho profit. The government way is they took 100 million from you, paid a corporation like me to build it, and later when debt was piling up sold it to me for pennies on the dollar and I set up a toll booth anyway. Government subsidies give temporary prosperity in exchange for future debt and turmoil.

[YaHuWaHservant]

@Salvysahagun The housing bubble was caused by two things. 1) Federal Reserve set artificially low interest rates encouraging banks to borrow more money because it appeared their were more savings in the market then were actually there. 2) The Government subsidized banks losses. If banks made a loan to groups deemed risky they now had the comfort of knowing that the Government would foot the bill on their behalf. cont

[JohannBBravo]

call me stupid, but i didn't get her. there is way to much information, the audience is flooded with quotes, without putting them into a context. this is not rially informative but creation and endrosement of prejudices...

[MrFernandonyc]

she is right..the truth has no agenda

[navsquid32]

@salvysahagun As an objective outside opinion to your conversation, gold can't be described as "counter to deflation" because inflation/deflation is a central bank/fiat currency phenomenon. FDR did make owning gold illegal in order to cement a fiat currency.

[Jack95912]

@eviljdog And what lies? These are documented facts. The actions of the Hoover administration are there big as life for all to see. People can go ahead and ignore them and keep blathering about Hoover being "laissez faire," but the history is immutable.

[Jack95912]

@eviljdog And if you actually consult objective sources, it will lead to the same conclusions. If you stick to the Dept. of Education stamped-and-approved books and the Keynesian tripe of your typical state school college professor, you will be "educated" to know the "truth."

[eviljdog]

@AlexDerossard She is selectively rewriting history. She is using her attractiveness to sell a lie. Learn about history in books, not on youtube, moron

[AlexDerossard]

@eviljdog

She is cute, and you are a moron. If you call something idiotic, explain why, else be seen for the idiot you are.

[CasonovaCorkClub]

SMMMMmmmmmooooookin HOT!

[eviljdog]

The chick is hot, but this video is idiotic.

[lobodo171]

OMG, hot chicks talking about economics. This channel is awesome!