ARTHUR LAFFER: TAX AND TARIFF HIKES CRUSHED 1930s AMERICA.
As a UCLA press release noted back in 2004, “FDR’s policies prolonged Depression by 7 years,” which is why back in 2010, diehard Keynesian* Paul Krugman was praising the economic “miracle of the 1940s” — also known as a little thing the rest of us like to call World War II.
* Don’t tell anyone, but I’ve overheard vicious rumors that Obama is a Keynesian himself…