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Article: The raw deal.(Soundbite)(Burt Folsom interview)(Interview)
- Article from:
- Reason
- Article date:
- May 1, 2009
- Author:
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In his provocative new book New Deal or Raw Deal? (Threshold), Hillsdale College historian Burt Folsom takes aim at the iconic legacy of President Franklin Delano Roosevelt. Drawing on his own research and that of economists such as Milton Friedman and Robert Higgs, Folsom provides compelling evidence that FDR prolonged the Great Depression and permanently damaged America's political and economic landscape. Associate Editor Damon W. Root interviewed Folsom in February.
Q: You argue that the New Deal actually harmed the poor.
A: Roosevelt secured more revenue during the 1930s from excise taxes than from income taxes. For ...