The Age of Folly - Llewellyn H. Rockwell, Jr. - Mises Institute

The Age of Folly - Llewellyn H. Rockwell, Jr. - Mises Institute: "The full-scale war on recession began in January 2008. Unemployment was climbing and house prices were falling, and George Bush, whose entire persona was the war mode since 2001, decided he wouldn't tolerate declining economic conditions.

That's when the Fed started pushing down interest rates to ridiculous lows and started gunning the money supply as much as possible. Bush put on his solemn/determined face and started talking to the American people about how he was going to destroy this recession monster in its crib."

Government attemps to fix the recession have been failing so maybe they should reconsider their tactics.