Turning Hard Times Into Good Times

Professor Burton Folsom Jr. sets the record straight about FDR’s “New Deal.” Propaganda from our-state owned educational system has brainwashed us into thinking that President Roosevelt’s big spending programs were responsible for pulling the U.S. out of the Great Depression. Professor Folsom points out that FDR’s policies were not only an absolute failure, but propaganda to the contrary has paved the way for policies ever since then that have brought America to a state of bankruptcy. What is the evidence that FDR's policies failed? Were the causes of the Great Depression? What are the real causes of the current depression? By some accounts, we are now facing “the Greater Depression.” Believing FDR's policies were effective during the 1930s, President Obama has proudly likened himself to FDR for the current malaise. We will ask Professor Folsom what lies ahead for the American economy and our economic future.