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When Harry Truman left office why did he say the thing he feared most was?

the "boom and bust cycle" He said it was only good for communism.

http://www.presidency.ucsb.edu/ws/index.php?pid=13...

"The (boom and bust) business cycle is man-made"

Why do conservatives insist boom and bust is a natural occurrence when it is a deliberatly man made occurrence?

2 Answers

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  • mumtaz
    Lv 4
    1 decade ago
    Favorite Answer

    the way power was abused, like by bush and his cronies.

  • Anonymous
    1 decade ago

    I dont know about boom or bust but the economy will always have its ups and downs, on a graph, its looks like hills and valleys. That is a result of the constant changes of supply and demand which is determine my man needs. When the government tries to regulate the demand or the supply or the cost, the natural course of recovery is disturbed. That is exactly happening now, and the result-high unemployment and limited growth-----thanks to government regulations

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