• Section 11 Introduction

     |  New Deal and Great Society

    Section 11 Introduction Pick any three letters of the alphabet, economist Milton Friedman said, put them in any order, and in the acronym you will discover an unnecessary federal agency. The alphabet soup of federal regulatory and administrative agencies grew into what it is today largely during the administrations of Franklin D. Roosevelt and Lyndon B. Johnson, two presidents whose names are well-known by their initials. Ronald Reagan, who majored in economics in college during the Great Depression, came much later to see LBJ's Great Society, especially, as inimical to freedom. It was his cause as president, Reagan wrote, to undo the damage it had inflicted upon the country, and to reduce government to a size more in keeping with the principles of the American founding. Franklin ...
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