Late 1890's redux

I don't know who said it, but it's a great quote: "The only thing we learn from history is that we don't learn from history." Well, we're not learning, and the ones really not learning are the fascists in Washington.

In the late 1890's, after the Panic of 1893 was over, big business and a new group of "progressives" kicked off what's called the Progressive Era. These groups called for more government regulation because, they claimed, that free- market or laissez-faire capitalism failed. They spun the whole story, making it sound good to an uniformed public that the government was good and that they were here to help.

Now the powers that be (the government and the mainstream media) are spinning the whole story again, and once again are blaming capitalism. As you can read in this article (thanks to prudentbear.com), politicians and pundits alike say that de-regulation is the root cause of our economic woes. Actually, it's the Federal Reserve's reckless behavior of printing almost worthless dollars that is the root cause.

Don't buy into the spin! Instead, read Murray Rothbard's great, short book, The Case Against the Fed. Find out the truth, and don't let the government dupe us once more. Entrepreneurs create wealth; the government, through taxation and regulation, destroys wealth. So let's say no to more government intervention in the economy.

Just click on the title of Murray's book and you can purchase it for only $7.00. And be careful of Wikipedia's entries on the Progressive Era and the Panic of 1893. They may have been written by statists who also blame the free market.