Wednesday, August 27, 2008

How to Destroy An Economy

Amity Shales discusses 5 policies that created and/or worsened the Great Depression (w. comparisons to today):
1. Giving in to protectionism.

2. Blaming the messenger.

3.
Increasing taxes in a downturn.

4.
Assuming bigger government will bring back growth.

5.
Ignoring the cost of inconsistency.