The New Deal
From Critiques Of Libertarianism
Libertarians cannot explain the successes of FDR's New Deal. Hence, they engage in ridiculous denialism about how effective it was and attempt to undo New Deal progress. They greatly fear revisiting and extending the New Deal as FDR envisioned.
- New Deal Denialism [More...]
- Amity Shlaes (in The Forgotten Man: A New History of the Great Depression) and others attempt to discredit FDR's successful and popular polices for relief, recovery and reform by cherry-picking and misinterpreting data.
- Category Archives: new deal denialist truth squadding [More...]
- Eric Rauchway's "The Edge Of The American West" articles on New Deal denialism.
- Four Freedoms (4 links)
- Franklin Roosevelt's inspirational freedoms that we fought for in WWII. Freedom of speech. Freedom of religion. Freedom from want. Freedom from fear. Far superior to the libertarian idea of economic freedom that benefits corporations and the rich.
- Franklin Delano Obama? [More...]
- "Now, there’s a whole intellectual industry, mainly operating out of right-wing think tanks, devoted to propagating the idea that F.D.R. actually made the Depression worse. So it’s important to know that most of what you hear along those lines is based on deliberate misrepresentation of the facts."
- Murphy on US and Canadian Unemployment during the 1930s: A Critique [More...]
- Robert Murphy's claims that Canada had a much better recovery without government intervention during the Great Depression are based on comparing apples to oranges.
- The Connection Between Work and Dignity [More...]
- An efficient economy leaves unemployment high: some inefficient but useful jobs can alleviate unemployment and create dignity for the workers. "If we work hard and produce something of tangible value, we tend to feel a sense of self-worth when society rewards us for it with a decent, middle-class life."
- The Second Bill Of Rights: FDR's UNfinished Revolution-- And Why We Need It More Than Ever (book)
- FDR proposed 8 economic rights: employment, with a living wage; food, clothing and leisure; farmers' rights to a fair income; freedom from unfair competition and monopolies; housing; medical care; social security; education. A foreshadowing of the Capability Approach.
- With Tyler against the strawmen and conservatives. [More...]
- Eric Rauchway points out Tyler Cowen's subtle insertion of unspoken claims about the New Deal. When did you stop beating your wife, Tyler?
[...] here in America "libertarianism" is a Frankenstein's monster that got its lightning-bolt juice from massive resistance to the Civil Rights Movement. Dismantling the New Deal and rolling back the social insurance state were not ideas that had much potential political-economy juice back in the 1950s and 1960s. But if the economic libertarian cause of dismantling the New Deal could be harnessed to the cause of white supremacy—if one of the key liberties that libertarians were fighting to defend was the liberty to discriminate against and oppress the Negroes—than all of a sudden you could have a political movement that might get somewhere. And so James Buchanan and the other libertarians to the right of Milton Friedman made the freedom to discriminate—or perhaps the power to discriminate?—a key one of the liberties that they were fighting for in their fight against BIG GOVERNMENT. And this has poisoned American libertarianism ever since.
Brad DeLong, "A Lazy New Year's Eve Morn on Twitter..."
The funny thing is that whenever sensible policies produce episodes of full employment, as in the late 1990s, the long postwar boom, or the World War II economy, the supposedly feckless poor get decent jobs and their incomes go up.
Robert Kuttner, "David Brooks's Worst Column Ever"
Now, there’s a whole intellectual industry, mainly operating out of right-wing think tanks, devoted to propagating the idea that F.D.R. actually made the Depression worse. So it’s important to know that most of what you hear along those lines is based on deliberate misrepresentation of the facts.
Paul Krugman, "Franklin Delano Obama?"
Large-scale government social-insurance programs are the best way we have found to achieve major and important public purposes. There has never been a private marketplace offering unemployment insurance. The unemployment insurance program works quite well: It gets money to people who have previously paid for it when they need it. Edward Filene’s welfare-capitalist notion that defined-benefit pensions offered by employers and more recent hopes that defined-contribution 401(k)s could provide old-age pensions more efficiently and effectively than Social Security have not covered themselves with glory over the past generation: Too many defined-benefit private pensions have not been paid out in full as promised, and too much wealth invested in 401(k)s has been skimmed off to enrich the princes of Wall Street. In health care, despite extraordinary administrative inefficiencies and little ability to improve quality and cost-effectiveness, the private insurance marketplace works—unless you are old, sick (and happen to be out of a job), or poor. Yet it is the old, the sick, and the poor who need health insurance most—hence, Medicare and Medicaid.
Brad DeLong, "Shrugging off Atlas"