GOVERNMENT INTERVENTION

Government Intervention is the antithesis of Freedom and the Free Business Enterprise System, but driven more by the desire for wealth and power than the avoidance of a Depression and the welfare of the nation, the Government has tried many ways to promote economic prosperity and freedom, and eliminate Depression. At the beginning of the century, regulations on big business, the enemy of "Freedom," was the first to go. Then the Government took over consumer credit in the home building industry establishing two enormous credit factories that enabled consumers to spend money that they didn't have or couldn't reasonably expect to have, to purchase homes. Investors wildly used these factories as well and a housing bubble evolved causing disaster for 10 to 20 percent of the present population and future "hard times" for the middle class.

The Government enacted a stimulus program that was, and is, a necessary aid for the "depressed" (those without jobs) but does nothing to stem the Depression. Bailouts to create jobs that increase supply simply add to the economic problems. The reliance on consumer spending, the backbone of our economy, will be a long hard struggle. Unfortunately war and destruction of supply (along with the lives of our brave and innocent youth) appears to be our only current hope for a less lengthly economic recovery.