Mainstream Economists Catch On: FDR Worsened the Great Depression
…rent mixture of government controls/subsidies/taxes along with free or semi-free markets. Whenever anything goes wrong, the market gets the blame, and more subsidies/controls are imposed. This leads to further insecurity and eventual upheavals, at which time markets again get the blame. This happened after the Great Depression and it also happened after the second worst economic upheaval, the economic crash of 2007-08. Like the Depression, that up… Continue reading