Quote Originally Posted by LittleGrizzly View Post
A matter of historical fact for the economists you cited perhaps but its not everyone else's historical 'fact'. There is no wde ranging agreement on the matter and according to these figurers a higher percentage don't think FDR's policys served to lengthen and deepen the great depression. With the figures in even higher disagreement for historians probably because they look at the comparison with other allied countries who were determined to stick with smith's policys and had to wait for rearmement for WW2 before they're recovery began whereas US started recovering sooner...
That survey was almost a decade before the paper came out, and since then there's been more research done on the topic. It is pretty much fact.

Bernanke, chairman of the federal reserve, believes it (The Fed) played a key role in causing the depression (He actually apologized for it).

There are many others, like Milton Friedman, who hold the same views:
"Admirers of FDR credit his New Deal with restoring the American economy after the disastrous contraction of 1929—33. Truth to tell–as Powell demonstrates without a shadow of a doubt–the New Deal hampered recovery from the contraction, prolonged and added to unemployment, and set the stage for ever more intrusive and costly government."
–Milton Friedman, Nobel Laureate, Hoover Institution

As the great American economist Irving Fisher
Oh, that partisan Kruggy. There's a really funny quote from Fishing from 1929 (80 years ago!) - anyone care to guess what he says?
But ... but two UCLA economists wrote a paper saying otherwise! Do you understand? Not one, but two!
Oh my, what a rebuke! Truly, I wish I had a partisan website where the author could regurgitate leftist talking points and put up two graphs that ever so neatly go along with what he says! Truly, I am undone for relying on such fools as published economists and not a partisan blogger!

CR