re: #518 subsailor68
Umm, I think you may be a bit confused about Hoover. Far from letting the market correct naturally, he actually began the government intervention that was later accelerated by Roosevelt. (Smoot-Hawley, directing business to keep wages artificially high, etc.)
He spent three years doing nothing before he finally realized it wasn’t working and started to increase government spending.
Yes I am being a bit unfair to him because nobody had ever seen anything like the Great Depression before so how was he to know what to do?
I do however have little patience for the people who refuse to learn from Hover’s mistakes.