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The Big Four Bailout Regulators

In: FDR’s Long New Deal

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  • Robert E. Wright

    (Central Michigan University)

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New DealersNew Dealers repealed ProhibitionProhibition more to increase taxes than to advance individual libertyliberty.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.

Suggested Citation

  • Robert E. Wright, 2024. "The Big Four Bailout Regulators," Springer Books, in: FDR’s Long New Deal, chapter 0, pages 119-141, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-74141-8_5
    DOI: 10.1007/978-3-031-74141-8_5
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