HS 182 - Capitalism, Fascism, and Today's Economy Compared to the Great Depression with Devin Foley

A lot of people compare today’s economy in the U.S. with the Great Depression.  High unemployment figures that seem to be unrelenting, deflation and inflation, and various bubbles provide some interesting similarities.  Jason Hartman and returning guest, Devin Foley compare the historical events with today’s events, including government policies and programs designed to prop up the markets and ideally create jobs. Hear more at:  www.JasonHartman.com. As Devin points out, based on historical and present figures, the programs and wars that the government implies will help the economy do not in actuality pull us out of recession or depression. He also talks about other common myths about market corrections and other attempts to right the economy. Devin stresses that economic freedom rather than government interventions, while requiring an adjustment period initially, would ultimately result in recovery, with more realistic prices and a sustainable economy. “When government is taking big steps and big actions and getting very involved in people’s lives based on how people are voting,” warns Devin, “that’s a dangerous proposition to get into. That’s not something that’s going to lead to long-term stability.” Devin and Jason also talk about solutions to the U.S.’s current predicament. Devin is co-founder and president of Intellectual Takeout (www.IntellectualTakeout.org ).  In his role, he oversees content development and marketing, works with academics and experts to assure quality, and publicly promotes the site. Prior to co-founding Intellectual Takeout, Devin served as the Director of Development at the Center of the American Experiment, a state-based think tank in Minnesota, where he was responsible for meeting a $1 million annual budget. He has roughly eight years of fundraising and policy experience working for candidates and non-profit organizations. Additionally, he has been on 100.3 KTLK as well as Talk of the Nation on NPR and was named a 2011 Young Leader by the American Swiss Foundation. Devin studied history and political science at Hillsdale College in Michigan. There he met his lovely wife; together they have three kids and live in Stillwater, Minnesota. Devin enjoys fast cars, long drives, great books, old planes, and nearly everything life throws his way.