An important history lesson

MsUnderestimated has a good history lesson about federal government intervention in the depression of 1920 and 1929.

Oh, you don’t remember the depression of 1920? That is because the government kept its hands off and it went away quickly!

Here is an excellent “Money Quote” from the Ludwig von Mises Institute:

You cannot make a country rich by looting taxpayers and paying people to pound nails into siding at public schools! These activities amount to capital consumption. They are not sources of investment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: