Those who expect to reap the benefits of freedom, must, like men, undergo the fatigue of supporting it. – Thomas Paine

Thursday, October 2, 2008

Economic Depressions

The Mises Institute has an article called Economic Depressions: Their Cause and Cure. I highly recomend you read it. It has a detailed explanation of our situtation we are facing today. It was particularly written about the Great Depression of the 1920's and 30's but as you will see, our situation today is almost an exact copy of the situation back then. It tells how government intervention is the worst possible thing to do in a bad economy.

Here is the link to the article: http://mises.org/story/3127

You can also listen to it as an audio book if you want: http://mises.org/multimedia/mp3/audiobooks/ATTC/ATTC_4_Rothbard.mp3

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