Two words back... Great Depression...
Agreed, the small brained one seems to be hell bent on repeating the failed FDR Presidency.
It's pretty well established that "abandoning the Free Market System", not only did not stop the Great Depression, it likely created it from what woudl have been a garden variety "panic" or what we now call a recession, albeit a fairly severe one.
Not learning from history, we're doing it again.
Of course what ended the Great Depression was WW-II. WW-III would likely end the depression, and probably civilisation for some decades or centuries as well.