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Understanding Great Depressions

March 3rd, 2009 | Economics, History, economy by Populist Party Daily Updates

In the present recession, advocates of government intervention often evoke the specter of the Great Depression. Unless the government intervenes massively, we are told, we risk an economic collapse comparable to that of the 1930s. To see the fallacy of this claim, it is imperative to understand that government intervention both led to the depression and prevented recovery from it. FULL ARTICLE

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6 comments ↓

#1 Dave Anderson on 03.03.09 at 12:26 pm

It’s like the ultimate primer and instructional tool to understand how we got here and the right path out of this mess.

I’ve read a few, heard of most, have a lot more reading to do!

#2 Ferenc on 03.03.09 at 4:18 pm

I’ve only read FDRs Folly, and if this indicative of the rest of this list, all I can say is really powerful stuff!

#3 Spoonerite on 03.04.09 at 5:58 am

What people just don’t get is that it’s government that’s the primary cause of this mess.  And because of this, government isn’t the right place to look to fix it either.

#4 Cliff Carson on 03.04.09 at 8:51 am

Spoonerite let me give a shout of Amen to that.

#5 steve Henderson on 03.04.09 at 6:25 pm

Someone ought to send a copy to the president & the bum running the fed…….good luck though…they wouldn’t belive it anyway…

#6 Allen Tran on 03.04.09 at 7:28 pm

I often wonder if the president, the congress and the “bum running the fed” know what’s right – and are just evil for doing the opposite, or are they just bumbling idiots?

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