Herbert Hoover: Father of the New Deal

posted by
September 29, 2011
Freedom Politics
by Steven Horwitz  
Posted in Commentary

"Politicians and pundits portray Herbert Hoover as a defender of laissez faire governance whose dogmatic commitment to small government led him to stand by and do nothing while the economy collapsed in the wake of the stock market crash in 1929. In fact, Hoover had long been a critic of laissez faire. As president, he doubled federal spending in real terms in four years. He also used government to prop up wages, restricted immigration, signed the Smoot-Hawley tariff, raised taxes, and created the Reconstruction Finance Corporation—all interventionist measures and not laissez faire." (09/29/11

http://tinyurl.com/5vbpwq5  

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