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>Translation: The Depression was a good thing, because it would crush 'unfit' companies.<

Creative destruction is the core of his thinking. And in in discussions in the UK about demand stimulus to fight the great depression he ahd the same position: Nothing could be done.

by IM on Sat Nov 1st, 2014 at 10:44:00 AM EST
[ Parent ]
If anyone is left to write the history of this period, the way that individuals who were clearly delusional at best were able to define policy will fascinate future historians.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Nov 1st, 2014 at 01:38:27 PM EST
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