Did FDR Make the Depression Great?

Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines. As he notes, three theories offer competing explanations of the Great Depression: the Keynesian account, which stresses a lack of aggregate demand; Milton Friedman’s monetarism, which ascribes the severity of the early years of the Depression to a drastic cut in the money supply by the Fed; and, of course, the Austrian theory that Murphy himself favors. FULL REVIEW


One Response to Did FDR Make the Depression Great?

  1. MCLA says:

    This is FYI only. I tried accessing your blog through my office proxy, and this is the message I get:


    Somehow your site has been categorised as “Adult Theme”. I know you don’t exactly write kids’ stuff but blocking access seems excessive to me :)

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