FDR’s Folly | Jim Powell

FDR’s Folly
by Jim Powell

Available AmazonFDRs Folly

Quick Review

In FDR’s Folly, historian Jim Powell shows how Franklin Roosevelt’s New Deal exacerbated and prolonged the Great Depression. FDR’s policies, even if based in compassion as Powell allows, caused higher unemployment, destroyed wealth and hurt the poor the most. This book breaks through the modern myth and exposes the truth about the New Deal.

Praise for FDR’s Folly

“Admirers of FDR credit his New Deal with restoring the American economy after the disastrous contraction of 1929—33. Truth to tell–as Powell demonstrates without a shadow of a doubt–the New Deal hampered recovery from the contraction, prolonged and added to unemployment, and set the stage for ever more intrusive and costly government. Powell’s analysis is thoroughly documented, relying on an impressive variety of popular and academic literature both contemporary and historical.” – Milton Friedman, Nobel Laureate

“Jim Powell draws together voluminous economic research on the effects of all of Roosevelt’s major policies. Along the way, Powell gives fascinating thumbnail sketches of the major players. The result is a devastating indictment, compellingly told. Those who think that government intervention helped get the U.S. economy out of the depression should read this book.” – David Henderson, author of The Joy of Freedom

What to Read Next

The Politically Incorrect Guide to the Great Depression and New Deal | Robert Murphy
New Deal or Raw Deal? | Burton Folsom
America’s Great Depression | Murray Rothbard

FDR Goes to War | Burton Folsom & Anita Folsom


Economics // Economic History
// The Great Depression