FDR's Policies Prolonged Depression by 7 Years, UCLA Economists Calculate / UCLA Newsroom
"As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."
Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.
Price, wage-fixing, and collusion blamed for length of 1930's Depression.