Great Recession of 2008
The 2008 Financial Crisis was caused not by the free-market, but by government intervention in the marketplace.
Depressions
Great depressions are caused by the government’s monopoly on money, and central banking, and not by capitalism and the free-market.Great Depression (1930s)
The government’s Great Intervention into the economy was the cause of the Great Depression of the 1930s.
Inflation
Inflation is the general increase in prices caused by a government currency monopoly increasing (inflating) the money supply with fiat ‘money’ (money not backed by actual physical wealth).
Capitalism and Depressions
The economy crippling, nationwide cycles of “booms” followed by “busts” are the result of the only agency that has the power to act on a nationwide scale: the government.
Booms and Busts
How state currency monopolies tend to promote booms and busts.
Smoot-Hawley Tariff Act (1930)
Tariff Act of 1930 led to the reduction of American exports and thus jobs.