Did FDR REALLY End The Great Depression? Another Case Of Leftist Revisionism!

I was taught in school that the New Deal pulled the country out of the Great Depression. It turns out that’s jut leftist propaganda. (SHOCKER!)

This is why it’s REALLY relevant RIGHT NOW:

“But here’s what FDR missed: Artificially raising wages also raises labor costs. And when labor costs go up, business hires fewer workers or no workers at all, especially in a difficult economic environment. Meanwhile, artificially raising prices reduces demand for the obvious reason that people buy less of something when its price goes higher.”

So the “fight for 15” ….yeah, that’s not gonna work.

“FDR based his New Deal policy largely on what happened during World War I, which had ended only 15 years earlier, in 1918. During that war, the government established planning boards to set wages and prices, and economic activity increased. If it worked during wartime, FDR reasoned, it should work during peacetime. But Roosevelt confused the economic activity that was actually the result of inflated war demands as being due to government planning.”

Somehow, the lesson has YET to be learned by the left.