Mises Daily
Author:
Mark Thornton
Joseph T. Salerno
Online Publish Date:
A Good Talk for the Classroom by Mark Thornton Murray Rothbard argued that the cause of the Great Depression was the result of Herbert Hoover’s New Deal policies which sought to keep wages and profits high. Robert Higgs, Richard Vedder, and Lowell Gallaway extended this thesis to include FDR’s New Deal policies which created artificially high