Did the New Deal Prolong or Worsen the Great Depression?
A revisionist view of economic history now holds that New Deal legislation that, in particular, enabled unionization in the early 1930s seriously prolonged the Great Depression. The freshwater economists who hold this view have had a wide hearing. These two economists consider their arguments and present a persuasive rebuttal.
Volume (Year): 53 (2010)
Issue (Month): 1 (January)
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