I was homeschooled and missed out on a lot of this; I've mostly just read the Wikipedia article a few years ago. Can people argue about the new deal in my mentions pls thx
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Beginning of rule by "Brain Trust". With FDR it was professors at Columbia and now it is rule by Harvard et al. Can't disagree because they are experts.
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It was a terrible idea, he was a terrible president, but for some reason he’s lionized by the American left. I truly don’t understand it.
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Bernanke wrote the most important recent paper on this
Economists are still arguing about the macro effects
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realized I avoided doing the thing you specifically asked for and im sorry about that
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Lefties hate the New Deal because it made workers feel that American capitalism was adequate, forestalling the threat of revolution or at least the kind of heavily confrontational union vs business relations that characterized postwar Europe.
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wrote a great column about this a few days ago, I read them on FB but I know she posts them in more accessible spaces, I'll look for a link.
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Bad take, imo. The New Deal had mixed short term impact but massively beneficial long term and very long term impact. What was wrong in it mostly nullified the effect of other provisions in it that were supposed to aid the recovery.
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Most of the New Deal arguments have wildly different goal posts, making resolution impossible.
E.g. The New Deal was Bad because it taught people their problems would be solved through the mighty intervention of the government. It was Good because the government sponsored art.
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