Saturday, December 17, 2016

Economics Professor: ' The percentage by which the federal government grew was greater during Herbert Hoover’s four years as president than during the first seven years of the New Deal.'


Many progressives tenured at our universities spread the lie that Herbert Hoover was a minimal government guy who cut government spending.Professor Randall G. Holcombe sets the record straight :
Popular opinion holds that most of the credit (or blame) for the incredible growth of the federal government should go to President Franklin D. Roosevelt and his New Deal. While Roosevelt certainly was a willing participant in that process, the federal government began its amazingly rapid growth well before the New Deal, and it is unlikely that it would be much smaller today even had FDR never come along.

The origins of federal growth are in the Constitutional Convention. But the modern period of growth began with the Progressive Era before World War I. Contrary to popular belief, that growth continued through the 1920s. The percentage by which the federal government grew was greater during Herbert Hoover’s four years as president than during the first seven years of the New Deal. Roosevelt merely continued a long-standing trend.
Article , well worth your time. Robert Reich hopes you don't read this article.