We shouldn't let invocation of the Great Depression — and our fear of it — justify all of this New Deal talk. Say it with me: The New Deal prolonged the Great Depression. In fact, if anything it was the New Deal itself that made the Great Depression "Great."Glenn Reynolds adds:
The New Deal's successes were political, not economic.
All this talk comparing the current bailout plan to measures taken to address the Great Depression is precisely what scares me.