Monday, January 12, 2009
"Another Great Depression?"
I've read this in other places.
It makes me wonder if the media has once again sold us on a scenario that wasn't true...
It makes me wonder if the media has once again sold us on a scenario that wasn't true...
Thomas Sowell writes at RealClearPolitics.com:
"The prevailing view in many quarters is that the stock market crash of 1929 was a failure of the free market that led to massive unemployment in the 1930s-- and that it was intervention of Roosevelt's New Deal policies that rescued the economy.
It is such a good story that it seems a pity to spoil it with facts. Yet there is something to be said for not repeating the catastrophes of the past."
