How Bad Were Recessions before the Fed? Not as Bad as They Are Now

Tags Booms and BustsEconomic PolicyThe FedInflationMoney and Banks

07/07/2022John Kennedy

Narrator:

The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse.

Original Article: "How Bad Were Recessions before the Fed? Not as Bad as They Are Now"

This Audio Mises Wire is generously sponsored by Christopher Condon.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

Author:

John Kennedy

John Kennedy is a recent graduate of Hartford Magnet Trinity College Academy. Economists such as Murray Rothbard, Hans-Hermann Hoppe, and Ludwig von Mises have captured his interest in Austrian economics and inspired him to start writing.