Did You Hear the One About… by Floy Lilley


Did you hear the one about bobbing heads on Sunday agreeing that the cause of the Great Depression was the absence of government guidance? “The Great Depression would never have happened if there had been any economic regulations,” agreed the policy wonks.

Oh, really?

So you think a free society generated that monstrosity?

It is accurate to say that in 1900 a free society did exist. The government still approximated a minimal state, exerting minimal guidance, and commanding minimal economic regulation. But, after 1900, virtually all public policy proposals called for more extensive governmental guidance.

via Did You Hear the One About… by Floy Lilley.

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