Will FDR Era Economic Policy Save The World?

Are national governments around the world on their way towards making the same catastrophic mistakes that were made in the 1930s or are they making sufficient bounds towards financial recovery? This New York Times article seems to think that "it’s impossible to know which prediction will turn out to be right. You can find good evidence to support either one."

Some of the world's major economies are going to repeat economic policy from the 30s. By cutting spending and raising taxes, they are going to attempt closing up budget deficits that have been plaguing GDPs around the world since the start of the recession in 2007, and in some cases, even earlier. FDR did this in 1936, resulting in what some believe to be a prolongation of the Great Depression. But things have changed since FDR's presidency. The question is, have they changed enough?

Read the article and take a look at our forthcoming book, FDR And The New Deal For Beginners -- a unique and creative look at FDR's presidency, the issues he faced (many quite similar to the issues today), and how he dealt with them -- and decide for yourself.