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  • great depression

    Hoover's Big Labor Policies Caused Great Depression

    The University of California at Los Angeles reports: Pro-labor policies pushed by President Herbert Hoover after the stock market crash of 1929 accounted for close to two-thirds of the drop in the nation’s gross domestic product over the two years that followed, causing what might otherwise have been a bad … More

    Boudreaux: FDR's Policies Put the 'Great' in Great Depression

    George Mason University economics professor Don Boudreaux offered a grim assessment of the economic stimulus package that’s making its way through Capitol Hill, questioning President Barack Obama’s contention that government must do something. “Conventional wisdom in Washington is that we must do something regardless of how wise or prudent it … More

    'We're Spending More Than Ever and It Doesn't Work'

    “We have tried spending money. We are spending more than we have ever spent before and it does not work.” Sound like, oh, Rep. John Boehner of Ohio or some other exasperated Republican stalwart lamenting proposals to spend our way out of the recession? Listen again: “I want to see … More

    Will Unions, Again, Kill Our Economic Recovery?

    One of the great untold stories about the Depression is that there were really two of them. By the mid-1930′s the U.S. economy was well along the road to recovery with the number of unemployed dropping from 13 million in 1933 to 7.6 million in 1936. The the Supreme Court, … More

    Free Trade Fact of the Day

    In his latest column, radio talk show host Tom Morgan takes us down memory lane to explain why more, not less, free trade is needed now that the economy is struggling: Some politicians propose moves that could plunge us into another Great Depression. If you think I exaggerate, take some … More

    Free Trade Fact of the Day

    Today’s Free Trade Fact of the Day Cato Institute’s Center for Trade Policy Studies director Daniel Griswold who shows that the lowering of trade barriers reduces the number of recessions and their length: According to the NBER, our economy has been in recession a total of 16 months in the … More

    Free Trade Fact of the Day

    With politicians invoking the Great Depression to justify more government intervention in the market place, it is important to look back and remember what policies helped really helped usher in the worst decade for the US economy ever. Amity Shlaes writes at Bloomberg: Hoover knew free trade was beneficial. But … More