Despite the stock market crash of 1929, the market quickly recovered. At least until the Government inserted itself as part of the solution. Then it all went downhill. This is vital reading for anyone who believes that the solution to economic hardship is found in government intervention.
Tuesday, June 22, 2010
Today's article comes from Thomas Sowell, one of my five favorite authors. He describes how one widely-held belief- specifically that FDR and the New Deal got us out of the Great Depression- is demolished by looking at just one page in the book "Out of Work".