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Posts Tagged: “FDR“
Herbert Hoover: The Forgotten Architect of Economic Intervention
In the literature on the Great Depression, interventionists claim that it was President Herbert Hoover’s “free market” policies that contributed to and even caused the economic crash that characterized the 1930s. But, under even the least scrutiny, this pernicious myth falls apart completely. The following article was originally published by the Mises Institute. The opinions […]
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Prices Up 2500% Since FDR Abandoned Gold
On April 5 1933, Franklin D. Roosevelt abandoned the gold standard, wielding questionable legal power amidst America’s dire economic depression. His whimsical approach to monetary policy, including coin flips and lucky numbers, unleashed unprecedented inflation and price increases that have since amounted to nearly 2500%. Our guest commentator explores this tragic history and the legacy […]
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