Shlaes (a visiting senior fellow at the Council on Foreign Relations and a syndicated columnist at Bloomberg) reviews the history of the Great Depression in the United States, arguing that its duration stemmed in large part from too much federal intervention in the economy, rather than too little. In seeking to help the "forgotten man" man of Democratic political advertising, she argues, the Roosevelt administration made a scapegoat of another "forgotten man," the American businessman.
Bullshit.
Wednesday, June 29, 2011
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