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The Politically Incorrect Guide to the Great Depression and the New Deal
Bad times are here again...and so too are bad ideas on how to fix them. No economic myth these days is more pernicious than the myth that the free market caused the Great Depression and the New Deal got us out of it. That, as economist Robert P. Murphy points out is flat-out false. In The Politically Incorrect Guide to the Great Depression and the New Deal he provides irrefutable evidence that not only did government interference with the market cause the Great Depression (and our current economic collapse), but Herbert Hoover's and Franklin Delano Roosevelt's big government policies afterwards made it much longer and much worse (just as President Barack Obama's extraordinary expansion of government promises to do today). Perhaps even more compelling, Murphy exposes the untold story behind the New Deal--how it operated by force, and why what's really at stake is not only our economy but our liberty.
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April 20, 2009
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