Suppose that the US presidential election of 1932 had, in fact, taken place in 1930, at an early stage in the Great Depression. Suppose, too, that Franklin Delano Roosevelt had won then, though not by the landslide of 1932. How different subsequent events might have been. The president might have watched helplessly as output and employment collapsed. The decades of Democratic dominance might not have happened.
假設1932年的美國總統選舉發生在1930年，即“大蕭條”(Great Depression)初期，假設還是富蘭克林?德拉諾?羅斯福(Franklin Delano Roosevelt)獲勝——盡管不是1932年的那種壓倒性勝利——后來的形勢會多么不同啊。面對產出和就業大滑坡，羅斯福也許只能望而興嘆。而民主黨獨領風騷幾十載的局面恐怕也不會出現。
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