Voting Resources
The Truth About One of Those Pre-Fed Depressions
by Thomas Woods on June 9, 2015 at 5:29 PM
Patrick Newman, a PhD student in the Department of Economics at George Mason University, discusses the depression of the 1870s, which is often cited as evidence of the economic instability of laissez-faire capitalism. It was nothing of the sort, says Newman, who uses Austrian business cycle theory to understand what really happened.
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