Depressions End When Your Gov't Backs Off

Daily Reckoning contributor, New York Times bestselling author, and economic historian Tom Woods explains how there was nearly a Depression in 1920… but, it never happened because the government didn’t interfere.

A few highlights according to The Money Game

“* The first year of the 1920 Depression was worse than that of 1929. Conditions were horrible.

* Yet due to President Woodrow Wilson’s stroke near the end of his term, very little was done by the government to stop the economic decline.

* By the summer of 1921, recovery was on the way.”

Watch the video below.

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