http://www.wnd.com/index.php?fa=PAGE.view&pageId=114878
What really caused the Great Depression
Posted: November 04, 2009
Walter E. Williams
*** begin quote ***
Professor Hanke says that the lesson to be drawn from business cycle history is that, if left to run their natural course, severe downturns are followed by rapid snapbacks. The 1921 recession is a good example where wholesale prices, industrial production and manufacturing employment fell by 30 percent or more and reached their low in mid-1921. There was little government intervention, at least by today’s standards, and the economy recovered naturally; and by early 1922, it had fully recovered and the nation was off to the Roaring Twenties.
*** end quote ***
So what are the bozos in DC doing?
Yeah, raising taxes, spending us into debt, and making “rules”.
Argh!
# # # # #
Reinke Faces Life 