Amerikas Große Depression by Murray N. Rothbard
A detailed economic history and analysis that attributes the U.S. Great Depression primarily to earlier credit expansion and subsequent monetary contraction by the central bank, followed by government interventions that, the author argues, prolonged and deepened the downturn. He contends that 1920s credit inflation produced unsustainable malinvestments, the Fed’s tightening and banking failures precipitated collapse, and New Deal policies—banking controls, wage and price interventions, and fiscal measures—blocked necessary market adjustments and worsened unemployment and stagnation. The work uses empirical data and historical narrative to challenge interventionist and Keynesian explanations and to advocate sound money and freer markets as the appropriate remedy.
- Published
- 1963
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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- Alternate Titles
- - America's Great Depression
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