Freedom from Fear is about how New Deal fucked up during the Great Depression. It won the Pulitzer.
And speaking of shitty libertarians there's also FDR's Folly basically brings all the arguments together. Right from the start it lists all the questions economists have about it. It's really good and with good sources so you don't have to like the author (Jim Powell).
>>578479 Contraction of the money supply. The banks decided to not re-up business loans, and since most businesses don't have the capital to finance a business cycle, they went under. Even the ones who were prepared lost business due to the general contraction.
The real question is how did it happen? It seems almost conspiratorial in retrospect. The capital that was funding the country ceased to be available, and it's really hard to figure out why. There was no logical reason: even with the Dust Bowl and other technical problems with economy, there was no reason for such an abrupt stop of economic growth. The rain didn't stop falling; the roads and factories didn't stop working; and the masses didn't stop looking for work. It was all a logistical crisis precipitated by the banks.
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