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Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed after the War

Discussion in 'Topical Discussions (In Depth)' started by Goldhedge, Dec 7, 2017 at 1:01 AM.



  1. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed after the War
    By Robert Higgs
    This article appeared in the Spring 1997 issue of The Independent Review

    Evidence from public opinion polls and corporate bond markets shows that FDR’s policies prevented a robust recovery of long-term private investment by significantly reducing investors’ confidence in the durability of private property rights. Not until the New Deal/war economy ended and resources became available for peacetime production did private investment—and the nation’s economic health—fully recover.

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  2. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Thank you for the post.
     

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