“The Panic of 1907, before all these ‘protections’ were put in place, was over in 3 months…followed by full employment. The Crash of 1921 took longer – about 18 months – but when it was over anyone who wanted a job could find one. But now, we’ve been in the Great Correction for 5 years. Millions of people have given up; they’re no longer even looking for work. And suicide has replaced car accidents as the number one threat to working-age Americans. You want to reduce the rate of suicide? Eliminate the barriers to saving, capital formation and employment.”
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