Daniel Gross’s best argument for FDR is that FDR was better than Hitler.
Roosevelt scared investors and businessmen? Did he scare them as much as, oh,
Stalin, who controlled one of the world’s largest economies and was expanding
his influence? or as much as Mussolini? Or as much as the fascist government of
Japan? Or as much as Hitler, who was confiscating property of Jewish
investors and businessmen?
So there you have it. FDR not as bad as Hitler, therefore, FDR a good president. Compare with Bryan Caplan’s actual argument.