"We have learned some things from comparable experiences of the 1930s' Great Depression, perhaps enough to reduce the severity of the current contraction. But we have made no progress toward putting limits on political leaders, who act out their natural proclivities without any basic understanding of what makes capitalism work."
Additionally, economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute. They say that by employing massive deficit spending as well as increased state intervention directly in the economy, President Obama will ultimately hamper the long-term growth of the US economy and risks delaying economic recovery by several years. Just as FDR's policies wiped out the recovery of 1934 and early 1935, by freezing prices in some vital economic sectors, and increasing trarrifs on others.