Sowell: Another Myth - Gov't Can Cure Economy's Ills
Thomas Sowell's latest:
Sometimes you can read a book that will change your mind on some fundamental issue.
Rarely, however, is there just one page that can undermine or destroy a widely held belief. But there is such a page — Page 77 of the book "Out of Work" by Richard Vedder and Lowell Gallaway.
The widespread belief is that government intervention is the key to getting the country out of a serious economic downturn.
The example often cited is President Franklin D. Roosevelt's intervention, after the stock market crash of 1929 was followed by the Great Depression of the 1930s, with its massive and long-lasting unemployment.
This is more than just a question about history.
Right here and right now there is a widespread belief that the unregulated market is what got us into our present economic predicament, and that the government must "do something" to get the economy moving again. FDR's intervention in the 1930s has often been cited by those who think this way.
What is on that one page in "Out of Work" that could change people's minds?
Read the rest.
Imagine what six more years of Obamastration will do to America.