10 Myths About FDR and The Great Depression
10.Where Capitalism Failed, the Government Saved Us
The whole of the false narrative we are taught about the Great Depression, Franklin Roosevelt, and the New Deal, is that government saved us where the free market failed. By citing false causes and constructing a false history, they attempt to sway people towards believing that the free market is an inherent risk, that government is inherently good, and that only the latter can save us from the former. What government has really done by inserting its regulatory arm into every aspect of the economy is to stifle the progress, growth, and innovation which that economy produces. The consequences of us asking government to solve all our problems have yet to be realized. We still have to pay for the obligations which have been hoisted onto the shoulders of future generations. It is only through a course of market liberalization, not further regulation, that we can truly get out from under the shadow of the era.
