Dire, there's facts and there's I wish it had been this way. Government interference caused the great depression????
During the recession of 1920, Harding and Coolidge ignored Secretary of the Treasury Hoover's suggestion for government intercession. They cut taxes and government expenses resulting in a growing economy. At the recession of 1929, president Hoover asked for a massive import excise tax on everything, not just selected items. Over 900 economists sent letters requesting he not do so. Other nations did the same, shutting down global trade.