U.S. History

Mises Daily Monday: James Grant Explains "The Forgotten Depression".

In his new book The Forgotten Depression, James Grant, investor and founder of Grant's Interest Rate Observer, explores the Depression of 1921, a "forgotten" economic bust when the government failed to intervene, thus allowing the economy to cure itself.

The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.

Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.

Interviewed by Mo Dawoud of the Wall St for Main St podcast, Mark Thornton explains his prediction of the housing bubble in 2004.

In an effort to open up its economy, a leading merchant in Plymouth Colony led an effort to grant full religious liberty in the colony. But the old ruling oligarchs intervened and blocked the measure's approval.

Writing in Time magazine this week, Darlena Cunha compares the Ferguson riots of today — as well as the Los Angeles riots of 1992 — to the Boston Tea Party, arguing that such events are similar, well within the American tradition of social change.

Laurence Vance reviews Malcolm D. Magee's new book on Woodrow Wilson.

Malcolm D.

Malcolm D. Magee's new book on Woodrow Wilson examines a much-neglected topic: the role of Wilson's religion in his enthusiasm for war and his goal to “conquer, convert, and change the nations.”