What went wrong–a narrative is born

When I was younger, the standard view of the Great Depression was that FDR saved the country. Then some people wondered whether the economy had really recovered–there was a bad spike in unemployment in 1938. The new narrative was that while FDR had done his best, he hadn't really been much of a Keynesian–it was the war that was the real Keynesian stimulus. I think this narrative was wrong as well. As Bob Higgs as shown, the war was good for bomb-makers and airplane manufacturers. But the...