Hazlitt and the Great Depression

Once Roosevelt reversed his campaign rhetoric and embraced the total state, The Nation editors knew they had to take a stand. As Hazlitt’s criticisms of FDR grew, so did the internal complaints about Hazlitt’s philosophy. Rather than simply fire their editor of two years, they scheduled a knockdown, drag-out fight between those who said capitalism had failed (thereby making socialism the answer) and those who said interventionism had failed and that capitalism was the answer. FULL ARTICLE