Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
“The Depression was the first time in the history of the U.S. that wages did not fall during a period of significant deflation.” –UCLA economist Lee E. Ohanian In America’s Great Depression , originally published in 1963, Murray Rothbard argued that the recession-adjustment that began in 1929 was greatly worsened and turned into a full-blown