Got to agree with you generally. The depression of 1873 was based on the railroad bubble. Similar to the housing bubble since railroads spent a decade being a guaranteed investment like housing was. The bank Jay Cooke and Co failed when foreign money dried up. This failure spawned a failure on wall street and the New York stock exchange was shut down for 10 days to control panic selling. Within 2 years of Cooke's failure almost 20,000 businesses were lost and a third of the railroads went bankrupt. Unemployment was high and wages lost up to 45% which in turn spawned the rise of labor unions. This particular depression lasted 6 years but some think that the US didnt actually recover until 1897. I'm not sure there is a good side to the involvement or lack of. I think the involvement has done away with the smaller recessions which in turn build up to big ones. A problem is that with the economy so globally connected the businesses need to be so big to remain competitive. So while I agree with the sentiments I'm personally not sure that it is totally the right way, which is why the government doesn't pay me for economic advice.
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Today's Featured Article - Women and Tractors - Tractor Engine Repair - by Teri Burkholder. One of the great things about working on a tractor engine with your other half is that you know what he is thinking of at all times and can anticipate his every move and his next thought of what he will do. With Ben, anyway, I can tell! He'll be busy working and I�m handing him tools and he says, "give me that..." and I�ve already got it in his hand or "hand me that....."and I�ve got the portable light right where he needed it placed to see. "Run in the house and get me a...."as I open th
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