The Big Four Bailout Regulators

Robert E. Wright ()
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Robert E. Wright: Central Michigan University

Chapter Chapter 5 in FDR’s Long New Deal, 2024, pp 119-141 from Springer

Abstract: Abstract New DealersNew Dealers repealed ProhibitionProhibition more to increase taxes than to advance individual libertyliberty. Almost every other aspect of the New DealNew Deal greatly reduced individual liberty by turning decision-making over to agencies in the federal governmentfederal government’s executive branch. Harry HopkinsHopkins, Harry claimed that regulations simply laid out “the rules of fair play” or mitigated malfunctioning marketsmarkets suffering from “excessive competitioncompetition” or other made-up maladies. In fact, New Deal regulations reduced liberty and economic incentivesincentives to work harder, longer, smarter, and faster by increasing the power of unelected bureaucrats.

Date: 2024
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DOI: 10.1007/978-3-031-74141-8_5

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