AUSTRIAN ECONOMICS ADDICT

Thomas Sowell talks about how FDR’s interventions into the market prolonged and deepened the depression, and how Obama’s interventions are doing the same thing.

Here is a quote from the video, “..one parallel is people are talking about these highly intelligent people with whom the president has surrounded himself. FDR surrounded himself with highly intelligent people, that is no guarantee of anything except brilliant rationalizations for failure …..”.

He also talks about how a crisis is presenting them with opportunities to do things they wouldn’t be able to do otherwise. This is standard procedure for this president who follows the Alinsky model. Read, “You Never Let A Serious Crisis Go To Waste”, in order to understand how politicians operate in general, and our president operates in particular.

Related article by Thomas Sowell, FDR’s Policies Prolonged The Great Depression, at rapidcityjournal.com.

This entry was posted on May 15, 2013 at 12:43 am and is filed under Government and Politics. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Barack Obama, FDR, Government Intervention, Great Depression, Saul Alinsky, Thomas Sowell