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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim McMannis who wrote (50342)	1/20/2006 2:08:38 PM
From: bond_bubble	Read Replies (2) of 110194

Did you know the Hoover Dam was built by Hoover? And this dam was built as part of public works - and was not built by private enterprise? The point is, Hoover started the public works, FDR, during election campaign, vouched for "hands off" capitalism - but then turned to Hoover's policy of "intervention". The key thing is that - lot of information about 1929 is fudged today. You will find all sorts of contradictory information in literature. Even the article quoted by Shades is so contradictory within itself!! It says, big business benefitted - and also says those big businesses had to lay off etc. Murray Rothbard is a good one to read...

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