CovenantNews.com

American Mussolini

John V. Denson / LewRockwell.com:
Jim Powell's new book on Theodore Roosevelt (hereinafter T.R.) is more of an economic history of the Progressive era than a biography of the former president, but he completes a valuable trilogy with his prior books, Wilson’s War and FDR’s Folly. In these three books he conclusively refutes the mainstream historical myth that the free market failed and caused the 1929 Depression and that FDR solved the problem with his New Deal. The Progressive era's two main presidents, T.R. and Wilson, share the blame of heaping more federal controls over the economy by creating both the Federal Reserve System and an income tax in 1913, as well as getting America into World War I. Powell’s book on FDR clearly shows that the New Deal prolonged the 1929 Depression rather than solving it.

Posted by Editor at October 25, 2007 05:26 AM