After you read Lawrence Reed’s “Great Myths of the Great Depression,” you’ll realize the scary similarities between Presidents Herbert Hoover and his successor FDR and Presidents Bush and Obama respectively.

Bush and Hoover were Republicans in name only. They were big spenders and unwisely and unsuccessfully tried to use the government to prevent depressions.

FDR and Obama only compounded the mistakes of their predecessors, becoming even more activist economic czars. None of these guys had or have a clue.

Reed’s piece summarizes what Amity Shlaes covered in her recent book, The Forgotten Man, a new history of the Great Depression.

Read the Reed piece and then buy the book.