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- Search found 3 items for:
- Business Cycles
- Other Schools of Thought
- Robert P. Murphy
- 2009
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
When doing interviews for my new book on the Great Depression , a natural question comes up: will the present crisis turn out as bad as the 1930s? My standard answer is typical for an economist: “yes and no.” On the one hand, there were very specific reasons that unemployment broke 25 percent in 1933, and we don’t have those factors in place
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Paul Krugman has concentrated his fire recently on those “thumping their chests” over the falling dollar. He has particular scorn for those recommending a return to the gold standard. In Krugman’s view, a simple look at the historical facts will show that it was a superstitious fetish for the yellow metal that prolonged the Great Depression. A