Will Grigg?s Liberty Minute

April 9, 2009

In the early years of the Great Depression, most rulers subscribed to the Keynesian doctrine that radically increased government spending leads to economic recovery. The New York Times, reviewing that history in an April 1st article, observed that the country that most eagerly embraced that doctrine was Nazi Germany.

?More than any other country ? Nazi Germany ? set out on a serious stimulus program. The government built up the military, expanded the autobahn, put up stadiums for the 1936 Berlin Olympics, and built monuments to the Nazi Party across Munich and Berlin.?

Many Keynesian economists believed that Hitler had solved the problem of unemployment. Economists of the Austrian school, such as , Ludwig von Mises Friedrich von Hayek, and John T. Flynn, warned that government control over the economy inevitably leads to political totalitarianism and war.

Regrettably, the Obama administration ? like its predecessor ? has embraced the National Socialist approach to economic recovery.

Let us take back the liberty wherewith Christ has made us free.