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First Answer by Scott D - ex-QnA on Sep 5, 2008 at 12:06 am Permalink
Comments
Friendo Sep, 05 2008 at 12:34 AM
Lose the attitude, Scott.
It's a neutral enough question. I asked about "Hoover's Administration" for a reason. I'm well aware of Hoover's history. And Mellon the banker. It was the Wikipedia article that you've cited that prompted me to ask the question in the first place. I just wanted to see if there were any die-hard trickle-down Reaganites still out there that believe a laissez-faire government would be effective in a depression economy if given a chance. In your last two lines you finally gave me an opinion. Thank you. 
Scott D - ex-QnA Oct, 05 2008 at 01:44 AM
I cop an attitude because of the incredible volume of revisional textbooks that pass for "knowledge" for much of the past half century.
Free markets MUST be allowed to correct themselves -- by themselves. The fact remains that we cannot legislate our way out of a economic recession, financial panic, or depression. Government manipulation of markets has ALWAYS led us into greater dependence on more government, which leads to only more grief and oppression. If America fails to learn from the colossal failures of FDR's New Deal, then we truly deserve an even more horrific outcome than a mere ten year depression and yet another World War. We may not be as fortunate ... this time. Less government intervention and lower taxation would have dramatically foreshortened the Great Depression, although nothing would have avoided our involvement in WWII. Oh, and please thank the cowardly drive-by down-rater for me, would ya? ;-)
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