Quarterly Journal of Austrian Economics
Author:
D.W. MacKenzie
Online Publish Date:
Volume 13, Number 3 (Fall 2010) Most historians claim that Herbert Hoover adhered to a policy of laissez faire after the stock market crash of 1929. This laissez faire policy is allegedly responsible for the severity and persistence of unemployment during the early years of The Great Depression. Herbert Hoover actually reacted to the crash of