Why the New Deal was a colossal failure

Victor Joecks

A great speech from historian and author Burt Folsom on the New Deal. If you are a student of history or want to know more about why – counter to the conventional wisdom – the New Deal failed miserably, you’ll enjoy this speech.

Added bonus: See how many parallels you can find between the New Deal and Obama’s stimulus bill.

If you like this speech, check out Dr. Folsom’s book, “New Deal or Raw Deal?: How FDR’s Economic Legacy Has Damaged America.”