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View Diary: Hey You Libertarians! Get Off My Blog. (302 comments)

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  •  Libertarians always forget (5+ / 0-)

    All these New Deal programs were created because the great depression was so very bad, and people said "never again" to that kind of unfettered market stupidity.

    And the great depression was hardly the first "business cycle", just the one big enough to finally usher in the political will to prevent further ones.  There numerous bank failures and recessions through the late 1800s and early 20th century.

    We've tried the unfettered free market and the result was some people in bread lines while others lit cigars with $100 bills.  Same with the gold standard, it was abandoned because it didn't work, and a central bank was required to make some form of currency functional.

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