That the less involed the state is in the economy, the better the economy can operate. The New Deal, which actually had its sneak preview under Herbert Hoover, was a major failure, dispite what the worshipers of John Maynard Keynes and/or Franklin Roosevelt have espoused over the last few generations.
And we are on the verge of a rerun of this disastrous program, which included many elements of fascism.
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