Wednesday, February 25, 2009
America's Great Depression, by Murray N. Rothbard, Ludwig Von MisesInstitute, Auburn, Alabama, 1963. This is the most inciteful history ofthe Great Depression I have ever read. It is remarkable in its clarityand in its references. Hoover interfered in a way that was unheard ofin American history in an attempt to reverse the economic fortunes ofthe country and, yet, left it in ruins. Many of the statements made atthat time could have come right out of today's headlines. It makes youwonder if we aren't repeating history, although there are a great manydifferences between the world situation then and today, as well as inour own economic infrastructure. Its worth a read for the seriousstudent of history.
Posted by Frederick Widdowson