«Astonishing look back, to our present day.»
If you are a student of modern history, especially economic history, you must read this book. If you are a student of modern economics, you must read this book. If you care about what is being done about the current economic crisis, you must read this book. A prescient book (published just before all the economic troubles we're currently facing), perhaps in the nick of time, the author takes a new look at the Great Depression and the policies used to combat it. Read about what they did seventy years ago and see the chilling similarities with today's crisis - and the responses to it. If what I have written stirs any interest at all, read this book. You will not regret it.
[Monday, December 01, 2008]
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«The Forgotten Man»
Great book. For those who do not believe history repeats itself - it really does - but not in the exact same way each time. After the excesses of the 1920's, socialism (FDR) arose in America and now after the excesses of the the Regan boom - socialism (obama) has again reared it's head. The parallels in this book to today's times are uncanny. One is left wondering how many more cycles are left before America finally plunges over the cliff of no return - i.e. socialism. The Wall may have fallen; however, it would seem communism is alive well in the U.S. and is in the active process of burying us. This book puts it all in perspective to any intelligent mind who understands the elements at work in today's times.The Forgotten Man: A New History of the Great Depression
[Monday, December 01, 2008]
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«The Other Side of the Story on FDR's New Deal»
Most public school students are taught that FDR pulled the country out of the Great Depression with his New Deal. In this book, the author examines that assumption and shows it to be untenable. The author convincingly argues the point that government intervention (by both Hoover and Roosevelt) did not pull the country out of the depression--it prolonged it. In fact FDR viewed the economy as something to be experimented on, revealing the fact that he really did not understand it. While a little one-sided, the author does give credit to the New Deal where credit is due.
In our current economic situation, we would do well to understand that the wrong actions by government can turn a recession into a depression. Let's hope those mistakes do not get repeated, i.e. raising taxes and raising tariffs. For those interesting in history and interested in staying informed about economics and our current crisis--this book is worth your time.
[Sunday, November 30, 2008]
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