ManusJustus said:
The Republican opinion on economy has always been 'the free market is best left alone.' That has been true from Hoover, whose idea that the market would fix itself wasn't so popular in the 1930s, to Bush, atleast until the recent financial crisis. You could make the argument that intervention or speculators soured the free market, but spare yourself the humilation of trying to rewrite 100 years of Republican viewpoints of the economy. |
Hoover was not a laissez-faire Republican who felt "the market is best left alone" and that "the market would fix itself." Hoover was a liberal-progressive. He was such a liberal-progressive that certain Democrats (FDR included) considered him a potential candidate for their party's ticket in 1920. No, the problem with Hoover was not that he thought the market would fix itself. The problem with Hoover was that he thought the government could fix the market.
