February 29, 2008 Leave a comment
It’s John T. Flynn weekend at Mises.org, starting with an abridged version of Justin Raimondo’s “John T. Flynn: Exemplar of the Old Right” from the Journal of Libertarian Studies and followed by Ralph Raico’s great introduction to Flynn’s groundbreaking The Roosevelt Myth.
This is especially timely with the deadly Keynesian religion on the rise. High priest Paul Krugman recently resurrected this coprocephalic canard:
Update: How man of us had a history class that would have helped us understand this political cartoon from the 1930s?
Maybe your schooling was a lot better than mine. I remember being taught that Hoover was a do-nothing and that FDR offered the hope of a more activist government. Raimondo writes:
When Roosevelt was swept into office, Flynn welcomed him, sharing the hope that the new president would get the country moving again. Flynn supported the Democratic Party platform of 1932, which called for an end to the extravagant spending of the Republicans, a balanced budget, and the abolition of the many government bureaus and commissions.
But Flynn was soon disillusioned. In fact, the New Deal that Roosevelt sold to the American people in 1932 bore absolutely no resemblance to the one he immediately imposed on an unsuspecting nation. During the first 100 days of his administration, Roosevelt racked up a deficit larger than the one it took Hoover two years to produce. Worse, from Flynn’s viewpoint, was the blizzard of new government agencies the president created — agencies that sought to regulate every aspect of economic life — and the billions in borrowed money that financed them.