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Thursday, September 15, 2011

Doing Nothing Is The Best Policy

As Thomas Sowell reminds us, economic recessions have become long-enduring and devastating only since presidents Herbert Hoover and Franklin Roosevelt initiated liberal-progressive-socialistic intervention by the Federal government in the 1930s.  Obama is repeating their mistakes.  We may be in for a replay of the 12-year Great Depression or the 1970s stagflation.