The Ben Shapiro Show Debunked: FDR's New Deal Saved America
May 21, 2022
The podcast explores the controversial aspects of FDR's New Deal and its perceived role in combating the Great Depression. The discussion challenges the effectiveness of government intervention, arguing that some policies may have exacerbated economic issues. It delves into the long-term impacts of legislation like Social Security and critiques the inflation and unemployment rates that followed. The analysis raises important questions about the legacy of past policies and their implications for today's economic strategies.
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FDR's New Deal: Myth vs. Reality
- FDR's New Deal is often credited with saving America from the Great Depression.
- However, Ben Shapiro argues that it actually prolonged the Depression and paved the way for excessive government intervention.
Hoover vs. FDR: Not So Different
- It's a myth that FDR's policies were a radical break from Hoover's.
- Hoover and FDR pursued similar policies; FDR simply expanded on them, including protectionist tariffs and increased federal spending.
FDR's "Lucky Number" Economics
- FDR's economic decisions were sometimes arbitrary, even based on "lucky numbers."
- He once raised the price of gold by 21 cents because it was "three times seven."