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In my study of the Great Depression, I argued that the Depression could be seen as resulting from governments doing too little, or too much.  In a laissez-faire world the Great Depression would not have happened, nor would it have happened if governments took as much responsibility for AD stabilization as they do today (and [...]
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Great Depression

Business & Finance / Economics : Overcoming Bias (4 years ago)

Conventional wisdom tends to treat President Hoover as a clueless advocate of laissez faire who refused to stimulate the economy in the dramatic downturn. Franklin Roosevelt, on the other hand, was the heroic leader who both saved t... Read Post

Why a hedge fund manager will tell you big government is great for capitalism

Business & Finance / Personal Finance : The Week: Personal Finance (8 hours ago)

What can government do to cultivate a vibrant economy? Nothing, if you ask our political class. Ever since Bill Clinton declared that the era of big government was over, even Democrats have treated the welfare state like a drag on t... Read Post

It's Clearly In The Government's Best Interest To Promote Domestic Natural Gas; Why Isn't It Doing So?

Business & Finance : Business Insider: Money Game (4 years ago)

It should be no surprise that government policy is of great consequence to investment returns. As a result of the Credit Crisis this is perhaps more true than at any time since the Great Depression in the 1930s. Federal tax and spen... Read Post

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