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Was Herbert Hoover Laissez Faire? ... And Herbert Hoover sat by and did nothing, or did he?
As it turns out, Herbert Hoover was actually quite an interventionist. ...
Now how does all this relate to Hoover might you ask? ... Herbert Hoover, in the consensus view, was a laissez faire liquidationist, who believed that the economy could fix itself without government intervention. ... Hoover, from when he signed the Smoot-Hawley Tariff Bill to when he pledged massive subsidies to farmers, was an interventionist at heart. ... The Bush Administration has instead pursued a highly inflationary policy designed to keep demand artificially high, like Hoover and Roosevelt tried in the бе30s.
Approximate Word count = 1253 Approximate Pages = 5 (250 words per page double spaced)
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