The View From 1776

§ American Traditions

§ People and Ideas

§ Decline of Western Civilization: a Snapshot

§ Books to Read


Liberal_Jihad_Cover.jpg Forward USA

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.