Mises Daily
Author:
Hans F. Sennholz
Online Publish Date:
[This article originally appeared in The Freeman , October 1969 .] Although the Great Depression engulfed the world economy many years ago, it lives on as a nightmare for individuals old enough to remember and as a frightening specter in the textbooks of our youth. Some 13 million Americans were unemployed, “not wanted” in the production process.