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Source link: http://archive.mises.org/9072/the-disaster-called-the-new-deal/

The Disaster Called the New Deal

December 9, 2008 by

New Deal programs were financed in large part by the poor. At Roosevelt’s behest, excise taxes were imposed on many popular items of consumption; and these weighed especially heavily on the impoverished. Blacks, in particular, fared very badly under Roosevelt, the supposed great exemplar of enlightened modern liberalism. FULL ARTICLE


Eric December 9, 2008 at 10:31 am

Great Article.

FDR was a near dictator. And given how he finally left office only upon death, he was therefore a

“Dictator for life”

And he was just as dictatorial as the worst of the breed of true dictators. With all the video and audio of FDR it wasn’t until I was 50 years old before I knew that he had polio and was confined to a wheel chair. Now how in the heck does a president hide that little tidbit from the public. You never saw this in any of the old films.

Thankfully, one of the few bounds of the constitution that is still honored is the limit on two terms (amended because of FDR) .

N. Joseph Potts December 9, 2008 at 4:59 pm

Government intervention into the economy is everywhere and always discriminatory, including racially discriminatory. Price supports for agricultural commodities raised prices above those that would buy all that was produced. Buyers buying at the prescribed minima thus acquired the opportunity (actually, the necessity) to choose among the producers. The white buyers chose white producers and rejected black ones. Why? Because white farmers voted more than black ones, especially in the South, where white registrars arranged things so.
Governmentally impoverished blacks sold their holdings at fire-sale prices, packed up, and moved to the cities (mostly in the North). And Roosevelt stayed in power. The parallels with Nazism are stark, if not quite equal in all details.

joebhed December 10, 2008 at 10:25 am

It’s simplistic to say that what FDR did was wrong.
What exactly should he have done?
And when?
And, what proof is there that the policies espoused in answer to these questions is correct?
More deficit spending?
To what effects?
Less deficit spending?
To what effects?
Lesser taxes?
To what effects?
I often find it ironic that the first criticism from Mises bloggers is not that FDR should have immediately abolished the FED and established a 100 percent reserve banking law.
As the Chicago Plan espoused.
And, after those moves, WHAT ELSE he should have done to get us out of the depression that was beginning?
So, what is it, specifically?
Everybody’s a critic.
With the benefit of hindsight, what would you have done at the time.

fatima December 11, 2008 at 11:04 am

To throw in my 2 cents’ worth..I am a physician sick and tired of the FDR failed socialist programs and his grand descendant Lyndon Johnsons’ Great Society programs too. Take your pick–social security, medicare, medicaid, head start, etc. Medicare works so well that they randomly and nonsensically change patients’ status so that when I send in a claim for skin cancer surgery done on Mrs Jones they can say, at will, oh Mrs Jones is no longer covered by us, she’s in an HMO. Mrs. Jones has no knowledge of this, and she had 2 strokes last year so she can’t keep track of life’s speeding bullet. Then I am left holding the bag for staff salaries, utility bills, malpractice insurance, etc., essentially working for free. Therefore I am no longer taking any HMO’s in my office. I am going to Washington DC to ask for a bailout!! Here is my sample letter to patients–
Dear Patients,

I do not accept nor participate in HMO Medicare products. The reasons, you may ask? There are numerous, but suffice it to say I will not relinquish my brain to a bureaucrat. I work very hard to deliver outstanding medical care, and this would be taken away from me. I will not change how I practice medicine. I have given you my best. I realize you have a choice in choosing your physician; your physician also has choices in which plans/schemes to accept.

“I quit when medicine was placed under State control, some years ago,” said Dr. Hendricks. “Do you know what it takes to perform a brain operation? Do you know the kind of skill it demands, and the years of passionate, merciless, excruciating devotion that go to acquire that skill? That was what I would not place at the disposal of men whose sole qualification to rule me was their capacity to spout the fraudulent generalities that got them elected to the privilege of enforcing their wishes at the point of a gun. I would not let them dictate the purpose for which my years of study had been spent, or the conditions of my work, or my choice of patients, or the amount of my reward. I observed that in all the discussions that preceded the enslavement of medicine, men discussed everything — except the desires of doctors. Men considered only the ‘welfare’ of the patients, with no thought given for those who were to provide it. That a doctor should have any right, desire or choice in the matter was regarded as irrelevant selfishness; his is not to choose, they said, only ‘to serve.’ That a man who’s willing to work under compulsion is too dangerous a brute to entrust with a job in the stockyards–never occurred to those who proposed to help the sick by making life impossible for the healthy. I have often wondered at the smugness with which people assert their right to enslave me, to control my work, to force my will, to violate my conscience, to stifle my mind–yet what is it that they expect to depend on, when they lie on an operating table under my hands? Their moral code has taught them to believe that it is safe to rely on the virtue of their victims. Well, that is the virtue I have withdrawn. Let them discover the kind of doctors that their system will now produce. Let them discover, in their operating rooms and hospital wards that it is not safe to place their lives in the hands of a man whose life they have throttled. It is not safe, if he is the sort of man who resents it–and still less safe, if he is the sort who doesn’t.”—

Quote from Atlas Shrugged, Ayn Rand; Copyright 1957 .

R Jensen December 12, 2008 at 2:37 pm

joebhed wrote:

“What exactly should he have done?”

Here are some suggestions:

1. Resigned

2. Left things alone

3. Not pack the court with toadies

4. Kept his promises like not trying to get the US in another war

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