Wednesday, December 30, 2015


Earlier I posted a simplified explanation of Democratic Socialism, which you can access by clicking here. To make my simplified version even simpler, just think about the policies pursued and enacted by FDR ...

We often forget that after FDR's policies were put in place America effectively erased "market meltdown" and "depression" from its vocabulary for the better part of 50 years. This would all change with the arrival of Ronald Reagan and his ideologically driven deregulatory and tax-cutting regime (yeah, the 2008 meltdown was no accident).

Finally - and for the record - FDR's policies pissed off the elites of America so much they actually planned to overthrow his administration. You can read about it here.

- Mark

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