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 2014||Ronald Coase, Anomalous Superstar of the Economics Profession|
|Summer 2014||The Feds Immiseration of People Who Live on Interest Earnings|
|Spring 2014||The Salmon Trap: An Analogy for Peoples Entrapment by the State|
|[View All (47)]|