Tuesday, February 10, 2009

Great myths of the great Depression

If you can count, you know that 1929-1941 (or 1943 by other research) is a very long time, and that both the Hoover Administration and the Roosevelt Administration created and fine tuned the so-called Great Depression with massive government interference. And now President Obama and the Reid Pelosi gang that can't shoot straight want to do it all over again and are lying to us about capitalism and about recovery. Why does anyone, president or pauper, want to recreate the pain of the 1930s? I've pointed out this article before, but in light of Obama's lies, it's worth another look.
    "Old myths never die; they just keep showing up in economics and political science textbooks. With only an occasional exception, it is there you will find what may be the twentieth century’s greatest myth: Capitalism and the free-market economy were responsible for the Great Depression, and only government intervention brought about America’s economic recovery."

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