In the minds of historians and the American public alike, Franklin Delano Roosevelt was one of our greatest presidents, not least because he supposedly saved America from the Great Depression. But as historian Jim Powell reveals in this groundbreaking book, Roosevelt's New Deal policies actually prolonged and exacerbated the economic disaster, swelled the federal government, and prevented the country from turning around quickly.
In today's turbulent domestic and global environment, eerily similar to that of the 1930s, it's more important than ever before to uncover and understand the truth of our history, lest we be doomed to repeat it. You'll never look at FDR in the same way again.
©2003 Jim Powell; (P)2008 Blackstone Audio, Inc.
"Very readable, factual, and insightful - and endorsed by two Nobel Prize-winning economists." (Thomas Sowell, Senior Fellow, Hoover Institution, Stanford University)
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I think this is a must listen or read. FDR is a hero and he should not be. We should learn the lessons he has to offer and not make the same mistakes.
The thugs FDR had on the gov't payroll
This is an educational book that puts the various aspects of government great depression programs and regulations into perspective that wasn't covered in any detail during my school years. As you read, it's somewhat scary as many of today's political overtures are along the same lines of what was tried in the great depression era. I only gave this book a three star rating as much of the same main points were rpeated even though the author breaks out each aspect of government focus. I would suggest the abridged version hoping it reduces the amount of this repetition.
If a smart witty writer set out to write a satire on politically motivated mis-interpretation of history, a finer job would be hard to find. Attracted by the title, I approached this book expecting an exploration of how some of FDRs polices were exploited by carpet-baggers or possibly a comparison with later downturns, and how policies advocated, but never used in the great depression would have been more helpful.
Instead, this book is one of the greatest acts of revisionism I've ever seen. Making an assertion, then selecting information that makes the case. No comparison with the 1890s downturn is made, no facts contrary to the case admitted.
This book should be studied in schools as an example of creative writing.
This book, along with The Forgotten Man, are timely reminders of what occurred when massive federal intervention is the economy was last tried. The narrator does a fine job. FDR's Folly is well deserving of a listener's time and attention.
Going into this book I expected to hear a new scholastic exposition upon the failings of the New Deal. Instead it was a Libertarian set piece on how the entire FDR administration efforts were machinations for re-election and to convert the American economy to Socialism! Every single New Deal policy was part of a malicious and devious plan to strip Americans of their individual liberties through increased taxation and larger government. According to the author capitalist free markets that are unconstrained by any regulation are the only historical economies to produce human progress. Any regulation, be it insurance on deposits, Social Security, or limitations on the sale of swamp property, all impede free markets! The book was written in 2002 and hasn't been updated to explain how FDR caused 2008.
This book points out what FDR's Administration did during the "New Deal" period. What it really does is act as a road map for what NOT to do for today's economic problems. It was an eye-opening read.
I found this book to be eerily familiar with the tactics of Mr. Obama and his Administration. Scares me to death and is becoming very apparent to even the most uninformed Americans. Excellent Book. My Mother was a huge fan of FDR and I never quite got the facts from school or my parents. It is refreshing to know the truth and that their errors in judgment are really what lead to the Depression. Here we go again America.
Very good description of what actions were actually taken by FDR and how they contradicted each other and transferred wealth from poor to rich by social security, agricultural subsidies, the destruction of jobs, food and cotton for which people were taxed who needed jobs, food and clothing.
Certainly also very relevant for the current situation as the belief in control, force, threat and war by politicians again reigns supreme.
Over the years I've learned a lot about the Great Depression, but I never read anything about FDR's bloopers and how he caused the economic fall. In our textbooks, the former President is a great man with a disability and Commander of Chief during WWII and the attack on Pearl Harbor, but he started the downhill spiral of the country.
FDR ran the country like he was the Godfather of the mafia.
Taxes, more regulations and programs like Social Security were some of his doings. Although these actions were good at the time, the country started the debt deficit in America because it wasn't well run by our president.
We cannot blame FDR because all presidents have their mistakes.
Just look at GWB and his eight years of follies and you will have volumes of books of the aftermath of his mistakes.
This is an excellent survey of FDR's damaging actions, and how they ended up extending the Great Depression. It is very relevant to what is going on today. Some of FDR's actions seemed well intentioned, and some were deviously politically motivated. This book reviews taxes to price fixing to union policy to his supreme court packing schemes. An excellent analysis that counters the conventional liberal wisdom that FDR was a great president.
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