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        <title><![CDATA[Media Are Still Peddling One of the Great Myths of the Great Depression]]></title>
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            <media:title type="html">Media Are Still Peddling One of the Great Myths of the Great Depression</media:title>
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        <content:encoded><![CDATA[<p>The “Hoover did nothing and FDR saved us” fairy tale is the myth that refuses to die.</p><p>Former Defense Secretary Donald Rumsfeld once cautioned newcomers to  learn from those who held the same positions before. “Try to make  original mistakes rather than needlessly repeating theirs,” he said.</p><h2 id="link-0">Was Hoover an Innocent Bystander?&nbsp;</h2><p>Harry Kazianis should have taken Rumsfeld’s advice before writing this annoying paragraph in his April 2, 2020 <a href="https://www.foxnews.com/opinion/coronavirus-economy-harry-kazianis">commentary at Fox News</a>:</p><blockquote class="wp-block-quote"><p>The rapidly worsening pandemic is shaping up as the defining 
challenge of the Trump presidency. Future historians will judge if Trump
 should be viewed like President Herbert Hoover or President Franklin 
Delano Roosevelt in meeting the challenge. While Hoover is generally 
blamed for not doing enough to fight the <a href="https://fee.org/articles/what-caused-the-great-depression/">Great Depression</a>, Roosevelt is generally credited with ending it.</p></blockquote><p>To his credit, Kazianis doesn’t claim that this view is his own 
considered opinion. He offers no evidence he has researched the topic 
himself. He simply implies it’s a common view. That’s still an offense, 
only slightly less sinful than knowingly fobbing off falsehoods as 
truth. It’s how lies and errors become institutionalized.</p><p>In <a href="https://fee.org/resources/great-myths-of-the-great-depression/"><em>Great Myths of the Great Depression</em></a>,
 I showed that not even Franklin Roosevelt believed that Herbert Hoover 
was innocent, inactive, or a bystander. In his 1932 campaign for the 
presidency, FDR assailed Hoover for “presiding over the greatest taxing 
and spending administration” in American history. FDR’s running mate, 
John Nance Garner of Texas, declared that Hoover was “leading the 
country down the path to socialism.”</p><p>Roosevelt and Garner criticized the Hoover administration for jacking
 up tariffs to record highs, as well for more than doubling federal 
income tax rates. Upon assuming office in March 1933, FDR mostly 
followed Hoover’s example and prolonged the Depression with harmful 
schemes of his own.</p><h2 id="link-1">Fake History</h2><p>FDR’s own Treasury Secretary, Henry Morgenthau, declared this:</p><blockquote class="wp-block-quote"><p>We are spending more than we have ever spent before and it does not 
work…I say after eight years of this administration, we have just as 
much unemployment as when we started, and an enormous debt to boot!</p></blockquote><p>The “Hoover did nothing and FDR saved us” fairy tale originated with 
statist media and historians intent upon advancing an ideological 
agenda. <a href="https://fee.org/resources/fake-news-is-old-news/">Fake news</a>, fake history—not the first time or the last time both have been employed in the service of state worship.</p><p><a href="https://fee.org/articles/cal-and-the-big-cal-amity/">Arthur Schlesinger, among the worst culprits</a>,
 smeared small-government President Calvin Coolidge with deliberate 
distortions aimed at making people think he too helped cause the Great 
Depression. If you want to empower government elitists to “plan” an 
economy, you have to get people to think that small government is bad 
and big government is good; since the evidence for that is scant at 
best, you just make it up if truth means little to you.</p><p>So Mr. Kazianis, the next time you casually miseducate Americans 
about the Hoover-Roosevelt years, please come up with something that’s 
at least original if not factually correct.</p><p>Meantime, here are some helpful sources to improve anyone’s understanding of that era:</p><p><a href="https://amzn.to/2xeKVFm"><em>New Deal or Raw Deal: How FDR’s Economic Legacy Has Damaged America </em></a>by Burton W. Folsom</p><p><a href="https://fee.org/resources/great-myths-of-the-great-depression/">&#8220;Great Myths of the Great Depression&#8221;</a> by Lawrence W. Reed</p><p><a href="https://fee.org/articles/the-first-government-bailouts-the-story-of-the-rfc/">&#8220;The First Government Bailouts: The Story of the RFC&#8221;</a> by Burton W. Folsom</p><p><a href="https://fee.org/articles/the-politically-incorrect-guide-to-the-great-depression-and-the-new-deal/">&#8220;The Politically-Incorrect Guide to the Great Depression and the New Deal&#8221;</a> (reviewed by Raymond Keating)</p><p><a href="https://fee.org/articles/the-real-questions-you-should-ask-your-economics-professor/">&#8220;The Real Questions You Should Ask Your Economics Professor&#8221;&nbsp;</a>by Lawrence W. Reed</p><p><a href="https://fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/">&#8220;The Smoot-Hawley Tariff and the Great Depression&#8221;</a> by Theodore Phalan, Deema Yazigi and Thomas Rustici</p><p><a href="https://fee.org/articles/32-fdr-was-elected-in-1932-on-a-progressive-platform-to-plan-the-economy/">&#8220;Myth: FDR Was Elected in 1932 on a Platform to Plan the Economy&#8221; </a>by Lawrence W. Reed</p><p><a href="https://fee.org/articles/fdrs-folly-how-roosevelt-and-his-new-deal-prolonged-the-great-depression/">&#8220;FDR&#8217;s Folly: How Roosevelt and His New Deal Prolonged the Great Depression&#8221;</a> by Burton W. Folsom and Jim Powell</p><p><a href="https://fee.org/articles/the-great-crash-and-depression-90-years-later/">&#8220;The Great Crash and Depression, 90 Years Later</a>&#8221; by Lawrence W. Reed</p><p><a href="https://fee.org/articles/franklin-roosevelt-and-the-greatest-economic-myth-of-the-twentieth-century/">&#8220;Franklin Roosevelt and the Greatest Economic Myth of the 20th Century&#8221; </a>by Burton W. Folsom</p>]]></content:encoded>
                <dc:creator><![CDATA[GAGmen]]></dc:creator>
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