The Link Between Obama and John Law

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CNN's senior political analyst Bill Schneider may believe Obama's personal qualities make him "the superpresident," but first & foremost, Obama with his $3.5 trillion budget sees himself as the new FDR, armed with a new New Deal - not new when FDR did it. The charismatic Roosevelt was more than 200 years behind John Law's Mississippi Bubble, described as "the first New Deal of the capitalist order," by John T. Flynn in 1941.

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At mises.org

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