"Herbert Hoover, you may remember, didn’t have a sterling record when it came to the economy.", Says Robert.Herbert Hoover, Secretary of Commerce for eight years? The one man most responsible for creating the stable surburban vision that lasted 60 years. He applied the proper economies of scale to housing finance, forced standardization of cars and roads, implemented a local-central government program to build roads. He was in a race against broadcast radio, and knew it. He lost that race, Keynes and the Hitlers took over the medium and spread a mass delusion that resulted in WW2.
The cause of the depression, as my hoards of readers know, was the sudden appearance of broadcast radio in the large cities, clogging downtown streets beyond capacity. As simple as that. The rest of the catastrophe, beyond that, was numbskulls using radio to spread the same mass delusion that Robert suffers today.
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