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 2016||Can the State Enforce Virtuous Behavior?|
|Summer 2016||Douglass C. North: Trailblazer|
|Winter 2016||Ludwig von Mises and Dietrich von Hildebrand: Some Remarkable Parallels|
|[View All (54)]|