Written by Dr. Jack Wheeler
Thursday, 08 July 2010
In London last week, I had dinner with an old friend, Ambrose Evans-Pritchard, one of the world’s most well-known journalists who currently writes the financial news column for the Daily Telegraph.
A few days later (7/04), Ambrose unloaded a column that made a headline on Drudge, that the US is headed for a repeat of the 1932 Great Depression.
Here’s the question to make sense of this: Did the Great Depression result in an expansion of economic freedom or an expansion of government control?
It’s a rhetorical question, of course. The Great Depression ushered in a sea-change shift away from individual liberty to massive unconstitutional government interference in American lives. It also launched the Democrats’ monopoly control of political power in Congress, most specifically in the House where all the money is initially spent, that lasted sixty-two years, from 1932 to 1994.
We are now on the verge of a Second Great Depression. As the apparatchiks in the Kremlin of the Soviet Union would say when confronted with a curious convergence of events, “This is no accident, Comrades.” (more…)