Tuesday, 1 June 2010

More on Hoover's "laissez-faire" and "spending cuts"

As I mentioned before, Hoover wasn't laissez-faire nor did he cut spending.

I present you with three graphs from the Mises Institute. The final one shows he didn't use monetary tightening either.


Austrian economics seems more and more reasonable by the day.

No comments:

Post a Comment

Comment on posts here, and all posts whether critical or in agreement are fine as long as they are not abusive. Comments are moderated due to Chinese spambots.