With all the chatter about the world’s current economic state turning into the “Greater Depression” let’s hope the world does not make the same mistakes as the last time.

Here are a couple of the great myths:

“HERBERT HOOVER believed government should play no role in the economy.”

“GOVERNMENT PROGRAMS helped lower unemployment by putting many Americans to work.”

“FRANKLIN ROOSEVELT’S ‘New Deal’ saved America from the failure of free-market capitalism.”

“These and other myths are dispelled by the facts in this essay by economist Lawrence W. Reed“

It’s well worth the read.