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|
|Summer 2018||Feedback and Correction in Government and the Market|
|Spring 2018||Ideology and Political Divisiveness|
|Winter 2018||Principal-Agent Theory and Representative Government|
|[View All (60)]|