herbert hoover

During this economic crisis, its a good time to remember the analysis of the Great Depression by Murray Rothbard. He clearly lays the blame for the Depression on the expansion of the supply of credit, but most importantly, his prescription for quick recovery is laissez-faire: From America's...

No, wait...yesterday morning McCain said,"Our economy, I think still—the fundamentals of our economy are strong." Back in '31 during the Great Depresion another Republican had a similar view. Hebert Hoover was quoted as saying, "The economy is fundamentally sound." I can see how Grampy got the...