Some of you may have read my column this week regarding the Obama team's studying of FDR's policies as a method to establish some road map to help us out of the present economic mess.
As I pointed out, the UCLA study found that the interventionist policies of the federal government at that time prolonged the depression by seven years.
Since we were well into World War II industrial production by the end of those seven years, it's hard to say if those policies as a continuing methodology would not have prolonged the economic situation even further.
If you'd like to take a look at a news story about the study, just click anywhere on this post.
