"The Great Depression" article by the late Hans Sennholz

[MsDoodahs]

http://www.fee.org/PUBLICATIONS/THE-FREEMAN/article.asp?aid=1449

Thought some of you might fine the article interesting. It was written in 1988.

 

[CUnknown]

I skimmed some of that article, and one thing that jumped out at me was -- after the stock market crash of 1929, the government raised taxes? That is astoundingly stupid.. I can't even comprehend it...

For all the Fed and government has done lately which we rightly are angry about, at least this is one mistake that they aren't likely to repeat again. These days, it goes in reverse -- the government gives us stimulus checks while they inflate it away behind the scenes -- but at least they aren't making -us- pay -them- stimulus checks!!

I mean, seriously, wtf were they thinking back then??

 

[Truth Warrior]

Bernanke: Federal Reserve caused Great Depression

Fed chief says, 'We did it. …very sorry, won't do it again'

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=59405