A New Deal failure of the first magnitude…

Jim Powell

Jim Powell

“When millions of people had little money, New Deal era policies made practically everything more expensive (the National Industrial Recovery Act), specifically maintained above-market retail prices (the Robinson-Patman Act and the Retail Price Maintenance Act) and above-market airline tickets (Civil Aeronautics Act).  Moreover, FDR signed into law the Agricultural Adjustment Act, which led to the destruction of millions of acres of crops and millions of farm animals, while many Americans were hungry.”FDR’s Folly, How Roosevelt and His New Deal Prolonged the Great Depression, Copyright ©2003 by Jim Powell, Published by Crown Forum, New York, NY, Page xi.

About Michael

Retired military officer; retired Air Force civil servant; retired executive, DS Information Systems Corporation; writer; researcher; reader and avid yachtsman.
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