Sowell On The Lies Of The Great Depression...Unemployment Didn't Go Up Significantly Until Government Intervention

Specifically, statistics place "the unemployment rate at 5 percent in November 1929, a month after the stock market crash. It hit 9 percent in December— but then began a generally downward trend, subsiding to 6.3 percent in June 1930."

It rose precipitously after the passage of Smoot Hawley. We are on the verge of a Second Great Depression IF we continue down this road of demanding government to do something, rather than let capital sort itself out.

Sowell's piece touches on a number of facets of the Great Depression that I've highlighted before, illustrating that it was government intervention that caused it to last as long and become as bad as it did.

Here's the link.