Quarterly Journal of Austrian Economics
Author:
Mark Thornton
Online Publish Date:
Volume 13, Number 3 (Fall 2010) Rothbard (1963) provides a compelling explanation of the Great Depression. He used the Austrian business cycle theory to show that the inflationary policies of the Federal Reserve caused a boom in the economy of the 1920’s that led to a bust in 1930. He then employed the Austrian theory of interventionism to show