Needed Today: Rossputin’s Explanation of the New Deal’s Ill Economic Effects

Some cliches are just that because they pack so much truth, they become a frequent, handy reference. One of my favorites (originally attributed to conservative thinker George Santayana) is: “Those who cannot remember the past are condemned to repeat it.”

I can’t think of anything more relevant to our current national political debate than this thoughtful and well-documented essay posted by Ross Kaminsky at Politics West: “The New Deal was a raw deal for the American economy”.

These days, the point can’t be hammered home enough. As of yet, I’ve seen little signs that any significant number of our leaders in Washington – many Republicans and nearly all Democrats – have paid attention to this historical lesson. The ramifications may be enormous.