LIBERALS PERSIST IN TEACHING MYTHS THAT DO NOT STOP RECESSIONS; THEY CAUSE DEPRESSIONS!

The real lessons of the Great Depression are not what you've been taught.

• The Crash of 29 was caused not by capitalism, but by the boom brought on by the newly created Federal Reserves easy money policy (sound familiar?)
• Hoover made the Depression Great precisely by abandoning the laissez-faire approach that previous presidents had followed and that kept depressions short
• The bank runs of the 1930s were caused by government intervention in the banking system
• Government efforts to prop up wages and prices led to a full decade of double-digit unemployment
• FDRs arbitrary policies toward businessmen resulted in net investment of less than zero for much of the Depression