Fed Up with the Fed?

Thomas Sowell at NRO on the "persistent faith in government spending":

"The myth that has come down to us says the government had to intervene when there was mass unemployment in the 1930s. But the hard data show that there was no mass unemployment until after the federal government intervened. And once the government did intervene, it was politically impossible to stop and let the economy recover on its own. That was the fundamental problem then — and now."