The two courses the Government could take in a Depression

Facing a depression. I suppose there are two broad courses that the government could take. One would be for it to fess up and say, sorry, we did that to you, we caused the boom. And we therefore laid the foundation for the inevitable correction, the bust. We won't do that again. But the other course that government usually takes is it says, oh my gosh, don't blame us. It was everybody else who caused this, and we will be the saviors. We'll come in and save you. Here's another bump. Let's reinflate, drive interest rates down again and set us off to another boom. That's why we never get off this boom bust cycle, because government never really does the first option. It hasn't since the early 1920s. Instead, it just does more of what caused the problem in the first place. So people need to know that, so they don't say government is the solution to our problem. If they understand that it was the cause of the problem, they will look elsewhere, I think, for the right solution.