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Is Britain due to suffer, the same as the USA suffered, during the great depression of 1929?

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Is Britain due to suffer, the same as the USA suffered, during the great depression of 1929?

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While the whole world had a depression, only the USA had a Great Depression. FDR’s New Deal crippled the economy with a new fiction called Keynesian economic theory, which essentially said that all recovery must happen through government action. Nothing appears to have changed since then. Britain and Europe were in recovery while the Tennessee Valley Authority and a dozen other “alphabet agencies” were strangling america’s markets.

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