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.

Mary L. G. Theroux is Senior Vice President of the Independent Institute. Having received her A.B. in economics from Stanford University, she is Managing Director of Lightning Ventures, L.P., a San Francisco Bay Area investment firm, former Chairman of the Board of Advisors for the Salvation Army of both San Francisco and Alameda County, and Vice President of the C.S. Lewis Society of California.
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