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- Search found 4 items for:
- Calculation and Knowledge
- Booms and Busts
- 2013
Mises Wire
Author:
Mark Thornton
Online Publish Date:
Murray Rothbard argued that the cause of the Great Depression was the result of Herbert Hoover’s New Deal policies which sought to keep wages and profits high. Robert Higgs, Richard Vedder and Lowell Gallaway extended this thesis to FDR’s New Deal policies which created artificially high prices and profits and prevented the normal market
Mises Wire
Author:
Mark Thornton
Online Publish Date:
Thomas J. DiLorenzo in this 2004 Mises Daily, “ The New Deal Debunked (again) ”, provides detail on the work by Cole and Ohanian behind the Ohanian video highlighted on Mark Thornton’s Circle Bastiat post “ The Rothbard/Higgs/Vedder and Gallaway Thesis . Highlights from DiLorenzo: Macroeconomic model builders have finally realized what Henry