Free-market believers and capitalists everywhere should listen to this.
Listen to more Politically Incorrect Guides.
©2009 Robert Murphy; (P)2009 Blackstone Audio, Inc.
I am brutally honest. Popular, love everything they read, reviewers are scared to go neg. and risk their ranking. It's your money!!!
I am always interested in books that challenge the norm or show the other side of what we read in history at school. I am not saying that RM is right, just that I like hearing the other side.
It is scary to hear how much Bush and Hoover are alike and how much Obama and Roosevelt are alike. How close the policies of each of these presidents mirror each other.
We are reminded that this was a global depression and that other countries who did not have spend spend policies got out of it a lot faster then we did. We are also reminded that we had depressions in the past that averaged only two years, mostly because we did not try to correct the problem through government.
It is very hard for the US to do nothing when faced with a problem. This attitude of do something no matter what is what usually gets us into trouble.
In the Intro we are told we are only going to get facts. I felt we got lots of unsupported opinions with are facts. At times the author talked over my head and at times I never could figure out his reasoning.
I think it is scary that all of that brilliant analysis by the greatest minds in history and economics still cannot even come to a basic decision as to what went wrong in the great Depression and what solutions if any worked. How could we possibly know today when we are right in the middle of it. Did the Tarp and the stimulus work or would it have all panned out being left alone?
I would never have just sat down and read such a heavy book but in audio form it was easier to get into and understand the flow. In just one year with Audible.com I have listened to 10 times more books than I read in previous years.
Myths surrounding the New Deal and what really happened to the economy in the 30's.
Voracious, omnivorous reader. Audible provides another venue to absorb information.
Factual, compelling and illuminating.
The description of the Federal Reserve system.
His interest is evident. His tone kept otherwise dry material interesting.
I'm disturbed by the successful process politicians and media distorting and hiding the truth.
I always love it when an author writes something that is actually true.
FDR's Great Deal was a disaster and it caused a disaster, however most history books in the USA flip the story around backwards to make FDR seem like a genius and a hero.
Robert Murphy sets the record straight in this "Politically Incorrect" guide.
John Christmas, author of "Democracy Society"
I listened FDR's Folly which along with several other works by Thomas Sowell, Milton Friedman, Friedrich Hayek and others is often quoted in this book. This book is a good recap of those interspersed with commentary and additional facts supplied by the author. The narration is excellent. The pacing is good and it's easy to follow each chapter. In K-12, most peoples sole exposure to the subject, the textbooks are full of misinformation about the causes and resolution of the extended downturn. This book is a great starting point for finding out what really took place.
I expected to hear it was all the liberals faults but yikes! Nothing new here, you could just listen to talk radio and get the same information and bias.
Poorly researched, agenda driven with cherry picked "Facts" so obviously slanted that it should be placed in the comedy section, not history. Unfortunately it would be almost as bad in that category.
The headline should be the real title of this book. While Hoover & FDR certainly both made mistakes during their presidency in regards to the great Depression, if you were to follow this author's policies, we would:
1) Still should have child labor at work
2) 80 hour work weeks
3) No OSHA or workman's comp
4) No Social Security programs
5) No labor unions or collective bargaining
6) No checks and balances on stock trading, banking, or business.
Only thing I agree with this author is tariffs are bad for countries in general.
In short, not an America I want to live in. Basically just a Libertarian world view.
This book was terrible and lacked details. Robert Murphy frequestly cites other peoples works and doesn't add anything new. I did not get anything I did not already know about the Great Depression. I suppose this is a good book if you know absolutely nothing about the Great Depression or the New Deal. But if you want an in depth account go look for another book.
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