- Paperback: 194 pages
- Publisher: CreateSpace Independent Publishing Platform (November 14, 2011)
- Language: English
- ISBN-10: 146793481X
- ISBN-13: 978-1467934817
- Product Dimensions: 7.4 x 0.4 x 9.7 inches
- Shipping Weight: 1 pounds
- Average Customer Review: 100 customer reviews
- Amazon Best Sellers Rank: #1,274,619 in Books (See Top 100 in Books)
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America's Great Depression
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About the Author
Murray N. Rothbard (1926-1995), the author of twenty-five books and thousands of articles, was a historian, philosopher, and dean of the Austrian School of Economics. He was the S. J. Hall distinguished professor of economics at the University of Nevada, Las Vegas, and also academic vice president of the Ludwig von Mises Institute in Auburn, Alabama.--This text refers to the MP3 CD edition.
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This latest edition of Murray Rothbard's epic economic history of the period that is generally referred to as America's Great Depression (1929-1940) is a stark reminder of how events then are mirrored in the events of today (2011).
Today's Chairman of the Federal Reserve is often hailed by his Keynesian supporters as a "Student of the Great Depression". If so, he either has never read Rothbard or has purposely chosen to ignore him. The "crash" of October 1929 did not descent like a sudden tornado; the groundwork had been well-laid (perhaps purposely) by the ill-fated policies of the US Federal Reserve for the preceding decade. You reap what you sow.
Far from exonerating Hoover from any responsibility, Rothbard closely examines why Hoover's policies exacerbated the matter; and by injecting massive Federal Government interference in the free-market process prolonged what might have been a short recession into a decade of depravity. Hoover's policies, which were embraced and adopted by the Roosevelt Administration, greatly prolonged the depression; and set the stage for a massive reliance on Government intervention - a situation which haunts us even today.
Exhaustively researched, Rothbard's work is a must read for the serious student of economic history.
And concludes that some myths deeply ingrained in our perception are not exactly true. The review should not spoil the reading, so it's better to stop here...