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Mises Economics Blog

Rothbard predicts Obamanomics

October 4, 2009 3:43 PM by Douglas French (Archive)

Vin Suprynowicz writes in his column "Extending the recession indefinitely" that continual government interference during the Great Depression served only to delay economic adjustment and recovery.

"This was all proved, laboriously, in spades, from 1929 to 1938, all brilliantly analyzed and explained by the late Murray N. Rothbard, with whom I had the honor to discuss some of government's tendencies to repeat the same mind-boggling errors over and over again, during his time at the University of Nevada, Las Vegas," Suprynowicz writes.

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Comments (3)

  • Chuck

    The sad thing is that the more the government fails the more support it gets.

    Published: October 4, 2009 7:20 PM

  • Rob Mandel

    why do they continue? it's an easy answer.

    the worse they make things, the more of our liberties they can steal, the greater the size of the state they can fashion.

    I've long believed that the Bush administration's disasters were of incompetence. I believe now that this administration's disasters our conscious acts.

    Published: October 4, 2009 9:03 PM

  • Russ

    Chuck wrote:

    "The sad thing is that the more the government fails the more support it gets."

    I've read recently that Clinton purposely did not enforce existing gun control laws, in the hopes that gun crimes would get worse, and he could then get more gun control laws.

    Published: October 4, 2009 9:59 PM

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