The three mistakes that the government made in the 1930s that caused the Great Depression were 1)tightening monetary policy 2)raising taxes and 3)promoting protectionism by imposing tariffs on imported goods. The Obama administration has decided to adopt two of these positions: raising taxes and imposing tariffs on imported goods. This is idiocy at it's most profound. From Carpe Diem:
CARPE DIEM: Real Lesson from Great Depression: Tax Damage
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