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Quotation of the Day…
Posted By Don Boudreaux On March 18, 2012 @ 11:52 am In Great Depression,History,Myths and Fallacies | Comments Disabled
… is from pages 48-49 of John Taylor’s new book, First Principles [1]:
There is no evidence for the view that Keynesian countercyclical discretionary fiscal policy in the 1930s ended the Great Depression.
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[1] First Principles: http://www.amazon.com/First-Principles-Restoring-Americas-Prosperity/dp/0393073394/ref=sr_1_1?s=books&ie=UTF8&qid=1332085927&sr=1-1
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