“The Great Depression was a failure not of capitalism but of the hyperactive state.”
Introducing our NEW audio/video version of #WednesdayWisdom. Check it out!
Capitalism has certainly taken its lumps over the past year — lumps that, in my opinion, it doesn’t deserve. If you want to know how capitalism started to really get a bad name, we have to go back to the Great Depression. Contrary to what many people accept as economic gospel, the Great Depression was not capitalism gone wild. Rather, it was created, and prolonged, by too much government.
If you really want to educate yourself about the true causes of the Great Depression, then read Murray Rothbard’s fantastic book, America’s Great Depression. I guarantee that after reading this work, you’ll have a much better understanding about the pernicious effects of government intrusion in the economy — both then, and now.
Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Renaissance Man readers, send it to me, along with any comments, questions and suggestions you have about my website, newsletters, podcast or anything else.
In The Name Of The Best Within Us,
Jim Woods Renaissance Man
Now, we want to hear from you! Would like to share your opinion or make a comment on the Way of the Renaissance Man podcast? If so, then please leave your comment or questions in the space provided below and share this article with your friends and family on Facebook, Instagram and Twitter. Your comments or question could be chosen as our featured
Ask the Renaissance Man Anything on a future episode.
