"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Why Did the Great Depression Last So Long?
Submitted by strike on Tue, 2008-09-30 16:00
Scott Horton interviews Robert Higgs on WWI inflation, the roaring 20s, the interwar bailout of England, the fascist New Deal, the Wilsonianism of Hoover and FDR and how they prolonged the Depression, the myth that WWII helped any, the Korean War-era military industrial complex, fearmongering, chaotic interventionism and the dollar as reserve currency.
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