Engineering disaster: The Obama rescue

Classically Liberal
by CLS

12/07/08

Just when it seems that economists and historians have finally gotten around to debunking the myths of the New Deal and the Great Depression it appears that Barack Obama wants to replay the Rooseveltian disaster. It is now widely accepted that Roosevelt’s policies extended the problems of the depression. Obama appears set to do the same thing. In other words, Obama’s solution is not a solution, no matter how well-intentioned he is or how often he promises to deliver ‘hope’ to the masses...

//tinyurl.com/6hhors


Informant: Thomas L. Knapp



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