An unfair and out-of-balance online journal dedicated to seeking truth and finding fact at WVU Tech.
Showing posts with label fascism. Show all posts
Showing posts with label fascism. Show all posts
Thursday, November 10, 2011
Friday, March 11, 2011
Sunday, January 11, 2009
Surviving the Great Depression II? Yes, we can!

by Llewellyn H. Rockwell Jr.
For years, many of us puzzled about how something so stupid and destructive as the New Deal could have happened. The stock market crashed because it was over-inflated. That's nothing new. History is filled with credit-filled bubbles that pop. Resources are reallocated to reflect economic reality and we move on.
The New Deal was different. It actually began under Hoover, who initiated new spending programs and jobs programs, and tried to inflate the money supply and bail out the banks. He was blasted by FDR for his big government policies, and FDR won the election. Once in power, FDR went nuts, instituting a program of central planning that combined features of the Soviet and Fascist models.
For more on this commentary, go to LewRockwell.com
Subscribe to:
Posts (Atom)