The White House and the Congress blocked the operation of the price system, obstructed trade and threatened the sanctity of private property. He vilified successful industrialists who opposed his policies as “economic royalists” who made up an “economic autocracy.” In fact, it is probably no exaggeration to say that Roosevelt vilified the rich in the United States the way Hitler, at the same time, was vilifying the Jews in Germany. During the Obama years, the authors say, the “American economy was hit with a tidal wave of new rules and regulations across health care, financial services, energy and manufacturing.” At the same time there was an explosion in the enrollment numbers for disability benefits, food stamps and cash welfare.
Author: John C. Goodman, Contributor, John C. Goodman, Contributor https://www.forbes.com/sites/johngoodman/
Published at: 2025-07-27 22:48:35
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