FDR's Policies Prolonged the Depression

From the UCLA Newsroom:

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

Well, duh. True free market economists have have been saying this since the 1930s. But to have economists at a liberal university come around after only seven decades is certainly noteworthy.