Professor Herbener, thank you very much for the detailed and very helpful reply! Your response cleared up a lot of murky waters for me, and the links you provided were spot on. It’s amazing how much control the FDR and Progressive era intellectuals tried to exert over the market. The legacy of such short-sighted economic fallacies lives on to this day unfortunately, as you well know. Your class is helping me tremendously and I am very thankful!
Spencer
