Bruce, you ignorant slut. You're really batting 1000 in the misguided nonsense department. Government "action" in the Depression EXACERBATED the problem and prevented a swift and speedy recovery. Government does best in economics when it interferes in the free market LEAST.
Hear hear! Funny, Nazi Germany did a MUCH better job of turning around their economy in the 1930’s using much more public debt than either the US or Britain. If Keynes’ theories are so good, why did Albert Speer do so much better in Nazi Germany?
Anybody remember the movie “Ghost Dad” where Bill Cosby as a ghost goes through the phone to scare his daughter’s boyfriend? Too bad Hayek couldn’t come back and put the fear of God into a certain Forbes’ author’s head.