FDR was an impressive politician, a true noblesse oblige aristocrat (who never knew a working man, and never had the chance to find out how wise they/we are), with a fine temperament (no doubt those 10 martinis/day helped with that).
He latched onto a fad pressed upon him by his advisors - the communalism fad of the world intelligentsia of the 30s - and almost broke the back of American freedom in the process.
Not being particularly scholarly - or wise - himself, he bought into the notion that The Depression was due to Capitalism, requiring repair if not replacement by the geniuses in government. Good wartime leader? Yes.
Moral: beware of fads, and stay away from cranks.
A quote from a piece in View from 1776 on the subject:
Mr. Chase said regarding the Depression, …the cycle is a direct product of that specialization which appeared with the industrial revolution. It is a product of laissez-faire, and the neglect to inquire what an economic system is for…There never has been control from the top, and that is the only point from which the cycle may be steadied.…I suspect it is the end of the economic system as we have known it – and suffered with it – in the past…a new deal is in order.
What remedies did Mr. Stuart Chase propose? The drive of collectivism leads toward control from the top. … At bottom the conception of economic planning is science supervising a people’s housekeeping. … And so the final idea of a National Planning Board emerges; …a group which knows the past, can give capable advice as to the present, and sees into the future, especially the technological future. …The real work, the real thought, the real action must come from the technicians: that class most able, most clear-headed of all in American life, hitherto only half utilized in technical detail and in college class rooms. …This is a long-swing project we are starting, longer than the secular trend; longer than the industrial revolution itself. Errors will be made; methods will be tried out and discarded; but the principle of control from the top must go on.
Ah, control from the top. Of course. Isn't that always the solution for us foolish citizens? Hmmm, but isn't it "the top" that provides our basic education, too? Aw heck, never mind: Everybody knows that most of the smart people in America are too busy with life to get involved in politics. But that old FDR arrogant impulse, that views folks in government as being smarter than citizens, as knowing "what is best for us," persists. I know enough of them, and I can tell you that they are, on the whole, narcissistic idiots and sociopaths with a slick talk....with rare exceptions, who sooner or later get disgusted and quit. Have you ever known a politician who you would want in charge of your personal life?
But the Stalinist impulse is still alive, still dangerous, and still wrong.