Economist Donald J. Boudreaux, author of the thought-provoking book The Triumph of Economic Freedom, is challenging conventional wisdom about the New Deal, a series of economic policies implemented by President Franklin D. Roosevelt in the 1930s. Boudreaux's provocative statement suggests that the New Deal, rather than stabilizing the US economy, may have actually created a culture of risk aversion and government dependency. By reevaluating the legacy of the New Deal, Boudreaux aims to shed light on the unintended consequences of government intervention in the economy, and the long-term impact on American prosperity. His insights are likely to spark a lively debate among economists and historians about the true meaning of economic freedom and the role of government in the US economy.
"The New Deal made investment in America a risky project," says economist Donald J. Boudreaux, author of The Triumph of Economic Freedom.
