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Are YOU an expert?
Question: Scott wants to know what makes Dave an expert on the economy. He thinks Dave would take a Herbert Hoover approach of doing nothing while the economy goes down, perhaps even into a depression. It's a question with an attitude, and Dave has some to match.
Dave Ramsey's advice: I would take that approach. And what makes me an expert on the economy is about the same thing that makes you an expert on the economy, smart aleck. The difference is that I've been walking around out here for about 40 years watching capitalism work. And by the way, if you do a history lesson, you'll find that it was World War II that pulled us out of the Great Depression, not Keynes-ian economics or the New Deal, you twit!
Go look at this stuff before you decide that socialism is the way to go, because it's not. Capitalism is the answer.
Comments (Your comment will not appear until approved.)
Just read Thomas Woods' book, Meltdown. I think you'd appreciate it, Dave. He debunks the idea that FDR ended the depression, but he also debunks the idea that WWII ended it. Please investigate.
# Posted by Patrick Rogers
| 5/3/09 6:49 PM
Forgot to mention that Woods shows that Hoover did NOT take a laissez faire approach to the economy. Rather he instituted many govt programs to try and manipulate the crisis. FDR took Hoover's ideas to the next level. A more legitimate model of a president practicing "hands off" was Harding in the 1920 depression that was averted/shortened due to cutting taxes and spending. Interesting stuff that they did not teach me in school.
# Posted by Patrick Rogers
| 5/3/09 6:55 PM