There is only one reason the Great Depression became a decade of high unemployment and low output and that is because of government intervention into the economy. I have no doubt that the credit-filled boom will continue to morph into the credit-crunch bust, but there is no good reason as to why this has to turn into another Great Depression. The ONLY thing that can make this current slowdown into a depression is government intervention and government spending. Paul Krugman continually calls for another “New Deal,” which means he wants government to create cartels, limit output, and block the creation … Continue reading The Coming Depression?

This is a Keynesian article, but it still has much good information. Need I mention the only presidential candidate who understands the central bank and its business cycles, and who knows how to build a sound prosperity for the future? Read all about it in Ron Paul’s latest book.