Raico on Wenzel’s AERC Talk

The great historian of classical liberalism Ralph Raico wrote to Robert Wenzel:

Bob, I’ve just listened to your talk on the history of the Soviet Union. It is magnificent! The amount of scholarship is overwhelming. You did a truly great job. Regards, Ralph

This is that AERC talk, which was the Henry Hazlitt Memorial Lecture, sponsored by James M. Rodney, delivered on Thursday March, 21, 2013 at the Mises Institute:

Anatomy of the Bank Run

It was a scene familiar to any nostalgia buff: all-night lines waiting for the banks to open; a stubborn insistence by depositors to get their money out; and the consequent closing of the banks by government, while at the same time the banks were permitted to stay in existence and collect the debts due them by their borrowers.