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Politics : View from the Center and Left
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To: TigerPaw who wrote (5178)11/10/2005 3:09:21 PM
From: TimF  Read Replies (1) of 541498
 
Yes, and the period that led up to the crash of 1929 and the great depression was one of almost total laissez faire capitalism.

That is an exaggeration but its not wildly inaccurate. If not almost total it was still a relatively laissez faire period. And we had a somewhat larger then normal boom, which might have been followed by a somewhat larger then normal bust. But then the fed and Hoover intervened strongly, and FDR later intervened even more deepening and lengthening the depression.

Tim
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