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Source link: http://archive.mises.org/14090/the-twofold-roots-of-the-great-depression-inflationism-and-intervention/

The Twofold Roots of the Great Depression: Inflationism and Intervention

October 1, 2010 by

It is not the system of private enterprise and free markets that is responsible. It is the suspension of that system. It is not capitalism but interventionism and monetary uncertainty that are responsible for the persistence of the slump. FULL ARTICLE by Lionel Robbins

{ 1 comment }

Robert October 7, 2010 at 5:33 am

Interventionism can cause more harm than good – that is a fact but on the other hand when the economy experiences a serious crisis, it is not surprising that a government tries to fight it. This is what is expected by the overall public. Theories and assumptions are great but in reality they are extremely difficult to implement.

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