A friend posted this article (mainly an interview with Dr. Yaron Brook of the Ayn Rand Institute) on facebook and I think it is well worth taking a look at. It is encouraging that mainstream sources like Newsweek are including voices of reason in their line-up.
"Unfortunately, just because economists understand what caused the Great Depression doesn't mean they understand what needs to be done to prevent one. People today mistakenly think that FDR saved us from the Great Depression. But from 1932 until at least 1940, the U.S. was still in a depression. Government grew during the 1930s more than in any decade in history, and yet at the end of the 1930s, we still had more than 15 percent unemployment. So government growth and regulation is not a solution to a depression. I would argue it's the exact opposite."