(Don Boudreaux)
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… is from page 41 of Rachel Davison Humphries’s essay “Isabel Paterson (1886-1961),” which is Chapter 4 of the 2022 collection, published by the Fraser Institute, The Essential Women of Liberty (reference omitted):
Presidents Herbert Hoover and Franklin Delano Roosevelt and the Great Depression all greatly affected Paterson. Highly skeptical of the “Best Minds” (as she would sarcastically call them in her columns) making decisions for Americans, Paterson went so far as to advocate for no intervention at all in the economy in the wake of the Great Depression in the 1930s. According to Paterson scholar and biographer Stephen Cox, Paterson saw a major difference between the depression she lived through in the 1890s and that of the 1930s: the loss of resilience among Americans to suffer the hardship necessary to get back to a sound economy without government intervention.
Published on October 29, 2022 10:30
