I gave a fair review and account of that report. Just a few post ago. The thesis is that the depression for industry and business could have been shortened if employers did not have to pay employees what FDR policies demanded and if funds for public works projects would have been used to bolster, subsidize and support industry. The effect would have been higher employment for the masses, but at wages that would have left the workers extremely poor. Good times for the wealthy business and corporate giants, horrible times for the common worker. Your Cole & Ohanian report is nothing more than a suggestion that FDR should have used a trickle down economic theory to solve the Great Depression.You always use that article, but it doesn't say what the title suggest.....in the mid and late 1930's grown men cried because they couldn't put food on the table for their families. ....
http://newsroom.ucla.edu/releases/FDR-s-Policies-Prolonged-Depression-5409
"After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years."
Read the actual report instead of an interpretation.
www.minneapolisfed.org/research/wp/wp597.pdf
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