Everyone knows about the Great Depression which brought massive government intervention and lasted a decade. But few know of the Depression of 1920–21 which was ignored by government and lasted eighteen months.
Presented at the Mises Circle in Manhattan, hosted by the Ludwig von Mises Institute and sponsored by the Story Garschina Charitable Fund, and Anonymous Donor. Recorded on Friday, 14 September 2012, at the Metropolitan Club in New York City.
Is it possible to both oppose Gaddafi and oppose a war on Gaddafi? Absolutely. This is a position that all Americans should adopt. In the same way, it is possible to oppose the Obama administration but also oppose having a foreign army oust him in order to liberate us.
However, it is perhaps not too optimistic to assume that those governments and parties whose policies have led to this crisis will some day disappear from the stage and make way for men whose economic program leads, not to destruction and chaos, but to economic development and progress.
The only really good trends exist in two worlds right now. In the digital world, we see growth and expansion and progress. This sector is not as heavily hooked up to manipulations of the Keynesian elite, and its development has proceeded at a clip even in a depression.