Contrary to “Distorians,” Herbert Hoover did not Favor Laissez-Faire

An enduring myth among American historians is that President Hoover failed to respond to the Great Depression because he believed in laissez-faire economics. This historical record shows, however, that Hoover intervened in the economy, thus blocking an economic recovery.

IPAK-EDU is grateful to Mises Institute as this piece was originally published there and is included in this news feed with mutual agreement. Read More

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