[frankly I pretty much dont like these discussions, but I find Mr. Higgs rather charming]
Robert Higgs:
Replaying the New Deal -- A Very Bad Idea
Thursday, April 2, 2009
(day after April1)
* The meeting begins at ABOUT 7:30pm ++ with a discussion of current issues and events.
* The featured speaker is introduced at ABOUT 8:00pm++ .
General Society Library
20 West 44th Street, NYC
between 5th and 6th Avenues
near the Grand Central Terminal
Please note:
Junto is not the usual sort of meeting with a long speech followed by Q & A.
Junto's invited speakers give a short presentation, and then are challenged to defend their assertions.
Discussions are intense, but polite. Participation by all attendees is highly encouraged.
Junto has a meeting on the first Thursday of every month,
at the General Society Library
"Replaying the New Deal -- A Very Bad Idea"
As the recession has deepened and the financial debacle
has lurched from one episode to another during the past year,
many commentators have recommended that the U.S.
government undertake a second New Deal. These calls seem
premised on a variety of myths about what the original New
Deal involved and what it gave rise to.
The New Deal -- and to some extent the Hoover program
that preceded it -- amounted to a massive, ongoing,
unpredictable intervention in the market system. Although a
few of the programs might have had positive first-order effects
on the economy's performance, the New Deal as a whole
amounted to an enormous drag on the normal readjustments to
and recovery from the economic downturn that began in 1929.
A second New Deal would be highly detrimental to
recovery from the current recession.
About Robert Higgs:
He's a Senior Fellow in Political Economy for
The Independent Institute and editor of the Institute's quarterly journal
"The Independent Review: A Journal of Political Economy".
He received his Ph.D. in economics from the Johns Hopkins U.
Topic: LP - NYC (Read 6368 times)
