A primer on the Great Depression.

As with every other thing occurring in our national life, the Democrats have embraced economic policies that are stunning in their recklessness and indifference to historical and human realities.

Keynesian policies failed during the Great Depression, and they are failing today. An economic catastrophe caused by loose monetary policies, crushing levels of debt, and appalling lending practices cannot be solved by looser monetary policies, issuance of twice as much debt, and government commanding banks (or, in the case of Fannie and Freddie, “commandeering”) to make more bad loans.

"Depression Within a Depression." By James Quinn, The Casey Report, __/__/10.

H/t: The Daily Crux..