The View From 1776
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.