The Great Depression and the Role of Government Intervention

Don Watkins has an excellent article on The Great Depression and the Role of Government Intervention over at the Voices for Reason blog. Here is a brief summary:

The Myth: An unregulated free market and unrestricted Wall Street greed caused the Great Depression and only the interventionist policies of Franklin D. Roosevelt got us out.

The Reality: The Great Depression was caused by government intervention, above all a financial system controlled by America’s central bank, the Federal Reserve — and the interventionist policies of Hoover and FDR only made things worse.