I am glad that someone is mildly intelligent on Digg. FDR was a balance budget man. I am an economic historian and can promise you that. Did he follow it to the core? No, but he did attempt to maintain his principles as best as possible. The idea that he was Keynesian is an ex-post facto judgement. FDR never officially said "we are going to follow a keynsian plan". People on Digg need to stop reading Austrian economics books and read real books. Unlike what most of Digg thinks, Ron Paul is not a good economist. Also FDR is considered the best president for a reason, his economic policies provided stimulation in an economy that might have fell suddenly. Hoover attempted to follow free market ideals with his new individualism but failed. Most of Britain was off of the Gold Standard, that is the reason that it went under in America not this ridiculous concept that monetary policy was bad in America. I mean it was bad but only in the sense that the government attempted to maintain a Gold Standard when no one else did causing a gold crisis. I guarantee that historians that have studied this all their lives have though past what most 20 year olds have........
digdug135Nov 25, 2008
God, I hope not. Recall that FDR's efforts increased the length of the Great Depression.
qwertyxuiopNov 25, 2008
Milton Friedman was full of s**t.
kdx200riderNov 26, 2008
OK, I think I am just going to vomit. The orgasm the MSM are having over Barry is so over the top, it is nauseating.
nabeel88Dec 3, 2008
I am glad that someone is mildly intelligent on Digg. FDR was a balance budget man. I am an economic historian and can promise you that. Did he follow it to the core? No, but he did attempt to maintain his principles as best as possible. The idea that he was Keynesian is an ex-post facto judgement. FDR never officially said "we are going to follow a keynsian plan". People on Digg need to stop reading Austrian economics books and read real books. Unlike what most of Digg thinks, Ron Paul is not a good economist. Also FDR is considered the best president for a reason, his economic policies provided stimulation in an economy that might have fell suddenly. Hoover attempted to follow free market ideals with his new individualism but failed. Most of Britain was off of the Gold Standard, that is the reason that it went under in America not this ridiculous concept that monetary policy was bad in America. I mean it was bad but only in the sense that the government attempted to maintain a Gold Standard when no one else did causing a gold crisis. I guarantee that historians that have studied this all their lives have though past what most 20 year olds have........