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FDR's Folly
- How Roosevelt and His New Deal Prolonged the Great Depression
- Narrated by: William Hughes
- Length: 9 hrs and 26 mins
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Publisher's summary
In the minds of historians and the American public alike, Franklin Delano Roosevelt was one of our greatest presidents, not least because he supposedly saved America from the Great Depression. But as historian Jim Powell reveals in this groundbreaking book, Roosevelt's New Deal policies actually prolonged and exacerbated the economic disaster, swelled the federal government, and prevented the country from turning around quickly.
In today's turbulent domestic and global environment, eerily similar to that of the 1930s, it's more important than ever before to uncover and understand the truth of our history, lest we be doomed to repeat it. You'll never look at FDR in the same way again.
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Nomi Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. This unprecedented history of American power illuminates how financiers have retained their authoritative position through history, swaying presidents regardless of party affiliation.
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You better like history about the elite and rich
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The Color of Money
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When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States' total wealth. More than 150 years later, that number has barely budged. The Color of Money pursues the persistence of this racial wealth gap by focusing on the generators of wealth in the black community: black banks. The catch-22 of black banking is that the very institutions needed to help communities escape the deep poverty caused by discrimination and segregation inevitably became victims of that same poverty.
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Both a Bridge and a Battle Cry
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In Putinomics, Chris Miller examines the making of Russian economic policy since Vladimir Putin took power in 1999. Miller argues that Putin's economic strategy has functioned far more effectively than most Westerners realize. While acknowledging that part of Putin's successes - above all, quadrupling per capita GDP in just a decade and a half - can be attributed to cashing in on high oil prices, Miller details the government policies that have also been fundamental to Russia's growth.
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Go find something better
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Hostile Takeover is a rebellious challenge to the "upper management" of government, who are choking American prosperity and liberty. Matt Kibbe exposes the privileged collusion of Washington insiders - and maps out a proven plan for how to return power from the self-appointed "experts" back to the people. Dubbed "one of the Tea Party's masterminds" by Newsweek, Kibbe reveals how grassroots citizens can and will check the federal behemoth and restore the American enterprise.
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An amazing book from an interesting perspective
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The New Deal
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As America struggles with an economic debacle akin to the Great Depression, nothing could be timelier than an authoritative account of the New Deal, masterfully written by Michael Hiltzik, author of the acclaimed history of the Hoover Dam, Colossus.
In this richly peopled, vividly rendered narrative, Hiltzik describes how the urgent short-term relief measures of Franklin Roosevelt’s Hundred Days evolved into a transformative concept of the federal role in American life.
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Another Excellent New Deal History
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How Are You Going to Pay for That?
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Yay, Taxes!!!
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Railroaded
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The transcontinental railroads of the late 19th century were the first corporate behemoths. Their attempts to generate profits from proliferating debt sparked devastating panics in the US economy. Their dependence on public largess drew them into the corridors of power, initiating new forms of corruption. Their operations rearranged space and time, and remade the landscape of the West. As wheel and rail, car and coal, they opened new worlds of work and ways of life.
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Correcting the Myth of the Transcontinentals
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The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the US dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America's history.
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Superb
- By Jean on 12-08-18
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What listeners say about FDR's Folly
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Joel K. Price
- 01-11-20
Roosevelt wasn’t all he’s cracked up to be
Books like this expose the truth about FDR and his policies. WE took years longer to recover thanks to the idiotic policies enacted by him and his cronies.
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3 people found this helpful
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- cidraider86
- 03-31-09
A Must Listen During These Troubled Times
Just finished this book today and it is a must listen during these troubled economic times. The author provides an excellent review of the major New Deal legislation, policies, and players and the effect that these had on the nation's economy. Definitely worth listening to; I'm going to get the print version!
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3 people found this helpful
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- Erik P Young
- 04-08-09
Excellent Rebuttal of Conventional Wisdom
This is an excellent survey of FDR's damaging actions, and how they ended up extending the Great Depression. It is very relevant to what is going on today. Some of FDR's actions seemed well intentioned, and some were deviously politically motivated. This book reviews taxes to price fixing to union policy to his supreme court packing schemes. An excellent analysis that counters the conventional liberal wisdom that FDR was a great president.
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11 people found this helpful
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- Dave
- 12-15-15
Excellent catalogue of Liberal idiocy
Would you consider the audio edition of FDR's Folly to be better than the print version?
I have not read the book, but the audio was very easy to listen to. The book is a full, generally factual catalogue of FDR's major mistakes with a good synopsis of who, what, when and why. The facts obliterate the false narrative that is still told today on how FDR saved us from the Depression. Jim Powell solidly supports allegations that FDR prolonged the Great Depression and made it much more severe. However, it's definitely one-sided and it doesn't claim to be otherwise. It doesn't give the whole context of FDR's actions and what the practical possibilities were of taking more Libertarian actions. If one only read this book on the Depression, one would think that FDR never did one thing right and would be utterly befuddled as to how FDR was elected FOUR times.Regardless, it is clear that FDR went way over the mark and was clueless on economics as all socialists are. I love Jim Powell's quote which sums up the underlying folly: “New Dealers always seemed to be comparing actual capitalism with ideal government. They judged capitalism by its apparent effects and government by its announced intentions”. Socialists do everything that they accuse capitalists of doing and much worse, but they will look you straight in the eye and based on their own self-righteous authority they will tell you it's okay because it's the government.
What about William Hughes’s performance did you like?
The voice just seems to fit the type of narrative and is never annoying or tiring.
Was this a book you wanted to listen to all in one sitting?
If I could have.
Any additional comments?
Now I have to buy the book so I can remember and quote these comprehensive facts when I hear someone say how FDR saved us, which is really annoying. However, I also need to verify and study the facts in the context in which they occurred. I seriously doubt FDR was as terrible as this book tends to imply.
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2 people found this helpful
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- Jamie Lamb
- 08-09-22
A Great Hidden History
This should be mandatory reading in public schools in America. Knowledge of this book is worth a whole year of US history highschool classes as they are taught now.
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- Tim
- 01-15-13
FDR's Bloopers
Over the years I've learned a lot about the Great Depression, but I never read anything about FDR's bloopers and how he caused the economic fall. In our textbooks, the former President is a great man with a disability and Commander of Chief during WWII and the attack on Pearl Harbor, but he started the downhill spiral of the country.
FDR ran the country like he was the Godfather of the mafia.
Taxes, more regulations and programs like Social Security were some of his doings. Although these actions were good at the time, the country started the debt deficit in America because it wasn't well run by our president.
We cannot blame FDR because all presidents have their mistakes.
Just look at GWB and his eight years of follies and you will have volumes of books of the aftermath of his mistakes.
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1 person found this helpful
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- Hectoris
- 11-24-21
Must read for anyone who voted Democrat
A good account of the most misguided president in our history. An exposure of the New Deal for what it really was, backdoor socialism.
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- Michael
- 01-24-21
Must read for all free people
This is the most enlightening book I’ve ever read. It thoroughly details how governments with potentially good intentions have devastating consequences that disproportionately effect people with lower incomes. It’s an eye opening book.
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2 people found this helpful
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- kansas
- 08-05-15
History
What made the experience of listening to FDR's Folly the most enjoyable?
I have been recommending this book to every history buff I know. I really enjoyed it.
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- JG
- 05-13-22
Required Reading for Students of Economics
This book is fantastic. Read it and you will gain a greater understanding of our past mistakes.
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