by Hyperion » Mon Apr 01, 2013 11:45 am
Lol, FDR didn't even invoke Keynesian economics until after the 1937 recession - which was instigated by balancing the budget. To claim FDR/Keynesianism didn't work is to claim that Nazi Germany and the US didn't get out of the depression using war spending.
FDR pretty much defines the modern Democratic and Republican Party. Even if thinking outside of economics, his influence on racial matters (through his wife and friends' suggestion) is what opened up DC to radical change within only 20 years.
FDR should be on the new $50.