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Bryan and Herbert

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Bryan Caplan lists the 21 things [2] Herbert Hoover mentioned in a 1932 speech just before the election that Hoover claimed help save the economy. Bryan is making the point that Hoover wasn’t a free market guy in the least. What I found chilling was the analogy to what the Bush administration has done so far. When Bush leaves office he’ll surely mention all that he has done to save the banks, the financial system, employment, and so on. A lot of the measures are awfully similar at least on paper. Nothing good came of them in 1932. I fear nothing good will come of them in 2008.

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