Mises Wire
Author:
Murray N. Rothbard
Online Publish Date:
[Chapter 2 of Rothbard’s newly edited and released Conceived in Liberty , vol. 5, The New Republic: 1784–1791 .] It has been alleged—from that day to this—that the depression which hit the United States, especially the commercial cities, was caused by “excessive” imports by Americans beginning in 1783. But this kind of pseudo-explanation merely