Psychology vs. Public Policy | Hoover Institution

As I have argued in my book How Progressives Rewrote the Constitution, the single greatest blunder of the New Deal was its willingness to invest huge public resources in agriculture, labor, and transportation, and cartelize those sectors of the economy for the benefit of key groups in society. All too many modern commentators, such as Jill Lepore in her New Yorker article “Benched,” write in woeful ignorance of this tradition when they insist that most labor regulation was intended to protect unorganized workers against exploitation, when the true effect was to cut off wage competition at the expense of nonunionized workers.

via Psychology vs. Public Policy | Hoover Institution.

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