Robert Higgs on Barack Obama as Herbert Hoover’s True Heir
By David J. Theroux • Saturday October 3, 2009 9:57 AM PDT •
Independent Institute Senior Fellow Robert Higgs is interviewed on Fox News’ “Freedom Watch with Judge Andrew Napolitano” on how Barack Obama is Herbert Hoover’s true “Progressive” heir as an economic interventionist, corporatist and protectionist. Hoover’s policies caused the Great Depression and Franklin Roosevelt then continued and greatly expanded such policies as his New Deal, deepening and prolonging the economic and social malaise until after World War II.
Also see Dr. Higgs’s books:
Tags: American History, Andrew Napolitano, Austrian economics, Bailouts, Books, Budget and Tax Policy, Business, Constitution, Corporatism, Economics, Employment, Fascism, FDR, Franklin Roosevelt, Government subsidies, Great Depression, Herbert Hoover, Keynesian economics, Nationalization, Presidential Power, progressives, protectionism, recession, Regulation, Socialism, Taxation, The State, Trade, Unemployment, Video