Kevin_Kennedy
Defend Liberty
- Aug 27, 2008
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- #21
"the Community Reinvestment Act that forces lenders to make more risky loans that they otherwise would"
No, it did not. Nothing like leading your complaint with a lie, huh?
"FDRs New Deal that prolonged the great depression for a decade"
There is absolutely no proof of that statement. More revisionist bullshit theory.
My problem with libertarians is they seem to think the constitution was written to protect the markets. I've got news for you...
FDR's policies prolonged Depression by 7 years, UCLA economists calculate / UCLA Newsroom
How FDR's New Deal Harmed Millions of Poor People
Kevin that was two guys at UCLA who never quite seemed to figure in the Dust Bowl effects on the economy at the time.
Two guys at UCLA, the Cato Institute, and the Austrian economists.
The boom-and-bust cycle caused the recession, the Hoover and FDR interventions in the market worsened it.