lives, better everything. all government does is slow everything down. government caused the great depression. mark: let s hit that, for a second. government caused the great depression. we re talking about the depression in the 30s. yep. mark: and basically what happened there was you had a recession. a bad recession and government intervenes. government does two things, tell me if i m right. tariffs. tariffs again and then monetary policy. tightens money rather than loosens money as milton friedman would say, and they turned the recession into a great depression. i have that about right? in 1936, when everything was getting better. we had positive gdp growth in 1936. tightened up monetary policy again and created another straight back into the depression.
have a better economy, better lives, better everything. all government does is slow everything down. government caused the great depression. mark: let s hit that, for a second. government caused the great depression. we re talking about the depression in the 30s. yep. mark: and basically what happened there was you had a recession. a bad recession and government intervenes. government does two things, tell me if i m right. tariffs. tariffs again and then monetary policy. tightens money rather than loosens money as milton friedman would say, and they turned the recession into a great depression. i have that about right? in 1936, when everything was getting better. we had positive gdp growth in 1936. tightened up monetary policy again and created another straight back into the depression.
lives, better everything. all government does is slow everything down. government caused the great depression. mark: let s hit that, for a second. government caused the great depression. we re talking about the depression in the 30s. yep. mark: and basically what happened there was you had a recession. a bad recession and government intervenes. government does two things, tell me if i m right. tariffs. tariffs again and then monetary policy. tightens money rather than loosens money as milton friedman would say, and they turned the recession into a great depression. i have that about right? in 1936, when everything was getting better. we had positive gdp growth in 1936. tightened up monetary policy again and created another straight back into the depression.