An enduring myth among American historians is that President Hoover’s response to the Depression was to let the free market work. This is totally false.
Category:
Politics
An enduring myth among American historians is that President Hoover failed to respond to the Great Depression because he believed in laissez-faire economics. This historical record shows, however, that Hoover intervened in the economy, thus blocking an economic recovery.
Britain’s new populist party, Reform UK, has done well in the polls but is embarking on head-scratching proposals to deal with energy issues. Instead of pushing market reforms, RUK is proposing a mix of subsidies, taxes, and prohibition to respond to high energy prices.