It was only about 10 years ago that we understood how to allow the economy to create jobs and operate properly: keeping a steady monetary base, cutting taxes, loosening regulation and ending wasteful gov't programs that crowd out private investment.
It's a shame that 1921 and the post-war boom have been buried under theories that tow the line for the managerial-state.
Just for clarification, this isn't trolling. It's true. In the last few years we've blamed the free market for these problems. I don't consider the federal reserve (a monopolist on money) to be a free-market institution. I don't consider government-guaranteed mortgages to be a free market program. I don't think forcing banks to give loans to people unworthy of credit is how a market should operate.
But with all that meddling causing the current crisis, we look for yet more government involvement to solve the problem. I look at history and theory and see that the injection of government involvement throughout the economy doesn't work. Ask the people who tried to hop over the Berlin wall!
It sounds like you're blaming the Community Reinvestment Act for the mortgage crisis. The downvoters probably consider that a GOP talking point with no basis in reality. I know I do, but I'll reply instead of downvoting.
It's a shame that 1921 and the post-war boom have been buried under theories that tow the line for the managerial-state.