Common wisdom about the Great Depression seems to be that Herbert Hoover was a free market, laissez-faire kind of guy, who mistakenly decided to “do nothing” and let the economy work itself out…merely watching as it spiraled down the drain. The rap on Hoover couldn’t be more wrong, says legendary libertarian economist Murray Rothbard. Hoover […]
On Wednesday I came across this fascinating analysis about the debt spiral the US now finds itself in, written by Professor Antal E. Fekete at the San Francisco School of Economics. I asked Prof. Fekete permission to republish his article here, and he was kind enough to grant my request. Hope you enjoy this piece. […]
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