Mises Wire
Author:
Murray N. Rothbard
Online Publish Date:
[First published in Inquiry , November 12, 1979.] A half-century ago, America — and then the world — was rocked by a mighty stock-market crash that soon turned into the steepest and longest-lasting depression of all time. It was not only the sharpness and depth of the depression that stunned the world and changed the face of modern history: it was