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" •  The Hoover administration took a recession and made it a depression by dramatically choking off world trade through higher tariffs and doubling the income tax        •  Franklin Roosevelt promised to undo Hoover’s spending and tax increases but after he was elected, he did just the opposite        • "

Lawrence W. Reed , Excuse Me, Professor: Challenging the Myths of Progressivism


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Lawrence  W. Reed quote : •  The Hoover administration took a recession and made it a depression by dramatically choking off world trade through higher tariffs and doubling the income tax        •  Franklin Roosevelt promised to undo Hoover’s spending and tax increases but after he was elected, he did just the opposite        •