The Quick Recoveries of 1921 and 1987

posted by Nima

November 13, 2009 · Posted in General Economics 

Tom Woods explains how doing the exact opposite of what the US government is doing today, quickly got the country on the path to recovery in 1921 and 1987:

For more details on why government spending programs accomplish the opposite of the desired results, read The Business Cycle Revisited.

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