Tuesday, February 15, 2005

How Depressing

I was hoping to avoid long entries in these posts, however I happened across what I thought to be an interesting site. Following is a quote from the site and its URL if your interested.

"The genesis of the Great Depression lay in the inflationary monetary policies of the U.S. government in the 1920s. It was prolonged and exacerbated by a litany of political missteps: trade-crushing tariffs, incentive-sapping taxes, mind-numbing controls on production and competition, senseless destruction of crops and cattle, and coercive labor laws, to recount just a few. It was not the free market that produced twelve years of agony; rather, it was political bungling on a scale as grand as there ever was."

http://www.fee.org/vnews.php?nid=4095

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