07/09/2018 Hunter Lewis

Can the entire story of the worst economic disaster in American history really be told from just eight words in a political party’s platform? In this case, yes.

Here are the fateful words that introduced the second section of the Republican Party’s 1932 platform, right after a waffling plank on prohibition: “We believe in the principle of high wages.”

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https://mises.org/wire/these-eight-words-helped-cause-great-depression