What Barack Obama Should Learn from FDR

Alternative answers to this week’s Time magazine cover quiz: “What Barack Obama Can Learn from FDR”:

Changing the rules of the game prolongs economic downturns:
“Regime Uncertainty in 1937 and 2008,” here.
“Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed after the War,” here.
“Banking Act of 1935 + Fed’s Exercise of This Authority = New Deal Policy,” here.
“Regime Uncertainty in the 1930s: A New Deal Insider’s Account,” here.
“Arguably Ripping into the Federal Reserve from Within,” here.

Keynes was wrong:
“Recession and Recovery: Six Fundamental Errors of the Current Orthodoxy,” here.

Government officials do not and can not know how to manage the economy:
“Instead of Stimulus, Do Nothing—Seriously,” here.
“Mommas, Don’t Let Your Babies Grow Up to Report on the Government’s Financial Reforms,” here.

Smooth rhetoric doesn’t imply virtue:
“Another Presidential Inaugural Speech,” see here.

Economic warfare against other nations produces blowback:
“A Date Which Will Live in Infamy,” here.

Getting “out of the way” is your best course of action:
“The Great Escape from the Great Depression,” here.

Credit for all to Robert Higgs.

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