Obama is wrong on the new deal.

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Background: In economic affairs, in April 2005, he defended the New Deal social welfare policies of Franklin D. Roosevelt (more)

Reasons to agree:

  1. Central planning never works as well as individual decisions.
  2. The new deal did some good things, but in the long run, it did more damage. The new deal created the welfare state, entitlements, and the retirment of the nany state that will emplode violently with the retirment of the baby-boomers.
  3. Individual people make stupid decisions. The government can try to promote good decisions. But government is run by people, and baby-kissing, phonies who buy elections by telling you what you want to hear, and taking your property and giving it to your neighbor, makes worse decisions than just letting people decide what they want to do with their own money.

Books that agree:

  1. New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America (Hardcover) by Burton W., Jr. Folsom

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