All Posts Tagged With: "The Great Depression"
The Great Chinese Inflation
Inflations have undermined the cultural and economic fabric of society, bringing social chaos and revolution. One example is the Great Chinese Inflation of the 1930s and 1940s. Indeed, the destruction of the Chinese monetary system during this period helped Mao Zedong’s communist movement triumph on the Chinese mainland in 1949. In the nineteenth and early [...]
5Jul2010 | Richard M. Ebeling | 3 comments | ContinuedNews Flash: FDR Didn’t Restore Prosperity!
The New Deal did not end the Great Depression. This statement will come as no shock to Freeman readers, but it will to the many people who have never encountered it before. Now people are encountering it—in newspaper columns and news-talk shows. Why, after years of being taught that Franklin Roosevelt’s economic intervention saved the [...]
2Mar2009 | Sheldon Richman | 5 comments | ContinuedThe Subprime Crisis Shows that Government Intervenes Too Little in Financial Markets?
Start with two assumptions. No. 1: banking and financial markets are inherently unstable. No. 2: government intervention into banking and financial markets can only stabilize (never destabilize). You’ll find it easy to conclude that any period of market instability we experience, like the recent subprime-lending problem, is the market’s fault and that it could have [...]
1Oct2008 | Lawrence H. White | 0 comments | ContinuedAlcohol, Prohibition, and the Revenuers
The standard account of America’s experience with alcohol Prohibition centers on ideology. This account states that citizens were so infused with Progressive hubris that they set forth in 1919 on a futile quest to mandate morality by banning the manufacture and sale of liquor. But when they recognized that Prohibition was failing, Americans abandoned the [...]
1Jan2008 | Donald J. Boudreaux | 0 comments | ContinuedBook Reviews – November 2007
- Lenin, Stalin, and Hitler: The Age of Social Catastrophe
by Robert Gellately Reviewed by Richard M. Ebeling
- Depression, War, and Cold War
by Robert Higgs Reviewed by Burton Folsom, Jr.
- Great Philanthropic Mistakes
by Timothy Sandefur Reviewed by George C. Leef - Elements of Justice
by David Schmidtz Reviewed by Aeon J. Skoble
The Great Depression According to Milton Friedman
The author extends special thanks to Lawrence H. White and Ivan Pongracic, Sr., for their helpful comments. Few events in U.S. history can rival the Great Depression for its impact. The period from 1929 to 1941 saw fundamental changes in the landscape of American politics and economics, including such monumental events as America ‘s going [...]
1Sep2007 | Ivan Pongracic Jr. | 77 comments | ContinuedThe Great Contraction, 1929–33
The recession that began in mid-1929 need not have become a disaster. Many downturns had occurred previously in U.S. economic history, and nearly all of them had been fairly shallow and soon followed by recovery and continued growth. In the nineteenth century most people had believed that the government neither knew how nor possessed the [...]
1Apr2007 | Robert Higgs | 0 comments | ContinuedMonetary-Policy Disasters of the Twentieth Century
Kirby R. Cundiff is an associate professor of finance at Northeastern State University in Tulsa, Oklahoma, and an adjunct associate professor of finance at the University of Maryland University College. The Federal Reserve System was created in 1913 and soon did what central banks almost always do: it started printing lots of money. During World [...]
1Jan2007 | Kirby R. Cundiff | 5 comments | ContinuedBook Reviews – December 2006
- The Ethics of the Market
by John Meadowcroft Reviewed by Richard M. Ebeling
- Peddling Panaceas: Popular Economists _in the New Deal Era
by Gary Dean Best Reviewed by Burton Folsom, Jr
- Philosophers of Capitalism: _Menger, Mises, Rand, and Beyond
by Edward W. Younkins Reviewed by Aeon J. Skoble
- Winning the Race: Beyond the Crisis in _Black America
by John McWhorter Reviewed by George C. Leef
From Wartime Expedient to Permanent Pork Barrel: WFC to RFC to SBA
When the U.S. government mobilized the economy to support its participation in World War I, it intervened in the market system in many ways. Yet private capital markets continued to operate. They did not always operate, however, as the government wished. Some enterprises that the government considered essential to its mobilization program—especially in lumbering, coal [...]
1Oct2004 | Robert Higgs | 0 comments | ContinuedLetters
Unquestionably, one of the most effective forms of communication is a thoughtful letter written to a person in answer to his own question. The staff members of the Foundation for Economic Education write thousands of such letters each year. Some of these are, in effect, short articles on “general interest” subjects not fully covered in [...]
1May1955 | Bettina Bien Greaves | 1 comment | Continued-
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