Evidence from public opinion polls and corporate bond markets shows that FDRs policies prevented a robust recovery of long-term private investment by significantly reducing investors confidence in the durability of private property rights. Not until the New Deal/war economy ended and resources became available for peacetime production did private investmentand the nations economic healthfully recover.
|Other Independent Review articles by Robert Higgs|
|Fall 2017||Freedom of Movementthe Sine Qua Non of Economic Prosperity and Progress|
|Summer 2017||Moderation in Response to Provocation Is No Vice|
|Winter 2017||First, Do No Harm|
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