The Hoover Deal

"Recently Rachel Maddow, on her MSNBC show, stated the all too often used fallacy that what made the Great Depression so great wasHerbert Hoover’s do nothing, free market, approach to policy in the late 1920s. The historical inaccuracies of this claim, as Steven Horwitz points out in open letter to Maddow, are and have been easily debunked. One doesn’t even need to dig deep into revisionist history to see the error, as Hoover, himself and many of his contemporaries have provided plenty of source material for evidence to the contrary."