[Related to the Making the Connection on page 535] Writing in the New York Times, economist Tyler Cowen of George Mason University argued: In short,
[Related to the Making the Connection on page 535] Writing in the New York Times, economist Tyler Cowen of George Mason University argued: “In short, expansionary monetary policy and wartime orders from Europe, not the wellknown policies of the New Deal, did the most to make the American economy climb out of the Depression.” Is Cowen’s position more consistent with that of Robert Gordon or that of Robert Higgs? Briefly explain.
Source: Tyler Cowen, “The New Deal Didn’t Always Work, Either,” New York Times, November 21, 2008.
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