Hoover, Bush, and Great Depressions
Rothbard (1963) provides a compelling explanation of the Great Depression. He used the Austrian business cycle theory to show that the inflationary policies of the Federal Reserve
U.S. Economy
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Review of The Great Deformation: The Corruption of Capitalism in America, by David A. Stockman
The Great Transformation is a Human Action-sized treatise about how the Fed over the past several decades has generated economic instability in far more ways than even the Austrian business cycle
The Political Economy of the New Deal, by Jim F. Couch and William F. Shughart II
Couch and Shughart’s book brings together a number of public-choice studies by other authors which have appeared in various journals, but have never been formally connected to each other in a single book.
Review of How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present by Thomas J. DiLorenzo
The title of the book may initially seem to be an exercise in hyperbole, but such is not the case. How Capitalism Saved America is indeed the untold history of our country.
Hoover and Wages in the Depression: A Comment on Douglas MacKenzie
In a recent article appearing in this journal, Douglas MacKenzie (2010) argues that President Hoover’s business conferences artificially propped up wages in the early years of the Depression,
Review of From Mutual Aid to Welfare State: Fraternal Societies and Social Services, 1890–1967, by David Beito
From Mutual Aid is not, nor does it intend to be, a comprehensive study demonstrating the superiority of private social welfare efforts over government programs.
The Great Depression: Mises vs. Fisher
Ludwig von Mises established the foundations of modem Austrian economics while Irving Fisher established the foundations of modem mainstream macroeconomics and central bank policy.
A Critique of MacKenzie, Not an Endorsement of Hoover: Reply to Vedder and Gallaway
Vedder and Gallaway's (2011) rejoinder to my comment on MacKenzie (2010) seems to fundamentally misunderstand both my comment's argument and the contribution of Rose (2010).
Matter of Degree, Not Principle: The Founding of the American Liberty League
On October 29, 1929, the roof fell in on the booming American economy.
The Political Economy of Monarchy and Democracy, and the Idea of a Natural Order
A government is a territorial monopolist of compulsion — an agency which may engage in continual, institutionalized property rights violations and
