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It's the 1930s All Over Again

Published Monday, July 30, 2007 by Llewellyn H. Rockwell, Jr.

Jittery stock markets, an economy drunk on credit, and politicians calling for varieties of dictatorship: what a sense of djà vu! Let us recall, writes Lew Rockwell, that the world went bonkers for about ten years way back when. The stock market crashed in 1929, thanks to the Federal Reserve, and with it fell the last remnants of the old liberal ideology that government should leave society and economy alone to flourish.

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It's the 1930s All Over Again (1.21 MB)

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Tuesday, January 06, 2009 5:10 AM