No, bad monetary policy by the Fed brought us the Great Depression. Many famous econmists agree with this assertion.
If Greenspan and Bernanke had not kept interest rates artificially low, we would not be in this mess. A central planning committee determining the price of money is hardly free market. Of course the real culprit in these boom/bust cycles, the Fed, is never blamed.
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No, bad monetary policy by the Fed brought us the Great Depression. Many famous econmists agree with this assertion. If Greenspan and Bernanke had not kept interest rates artificially low, we would not be in this mess. A central planning committee determining the price of money is hardly free market. Of course the real culprit in these boom/bust cycles, the Fed, is never blamed.
I agree. I don't always vote Republican, however I am working within the Republican Party to change it back to its small government roots.