Barack Obama and the Democrats seemed ready to make many of the same mistakes Herbert Hoover and Franklin Roosevelt commited that made the Great Depression worse.
Economist Douglas Irwin warns them about one mistake to avoid.
"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster
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