Un argumento sencillo y poderoso sobre la intervencion estatal en la Gran Depresion

 Una de los hechos historicos mas difundidos en la literatura comun y que son una completa mentira, es el hecho de que Roosevelt y el New Deal sacaron a Estados Unidos de la Gran Depresion. En esa historia se basa el hecho de que cada vez que vemos el clima economico nublado, el gobierno y la mayoria de los economistas buscan la intervencion del Estado para salvar la situacion.

This is more than just a question about history. Right here and right now there is a widespread belief that the unregulated market is what got us into our present economic predicament, and that the government must “do something” to get the economy moving again. FDR’s intervention in the 1930s has often been cited by those who think this way.

What is on that one page in “Out of Work” that could change people’s minds? Just a simple table, giving unemployment rates for every month during the entire decade of the 1930s.

Those who think that the stock market crash in October 1929 is what caused the huge unemployment rates of the 1930s will have a hard time reconciling that belief with the data in that table.

Although the big stock market crash occurred in October 1929, unemployment never reached double digits in any of the next 12 months after that crash. Unemployment peaked at 9 percent, two months after the stock market crashed– and then began drifting generally downward over the next six months, falling to 6.3 percent by June 1930.

This was what happened in the market, before the federal government decided to “do something.”

Viene de un articulo de Sowell en Real Clear Politics, y la pagina a la que se refieren esta aqui.

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