President Biden's 'cult of free,' with its incontinent levels of stimulus, has been compared to the signature policy of President Franklin Delano Roosevelt. This is not encouraging. For all that simplistic school textbooks and political mythologists praise FDR, in actual fact his New Deal was a counterproductive failure and by 1937 the U.S. economy was back in a recession. GDP dropped by 10% and unemployment increased again to 20%.