A review by taborszki
America's Great Depression by Murray N. Rothbard, Murray Rothbard

5.0

It really makes me sad that the book ends before the New Deal begins. I would have given an arm... or perhaps a pinky to read a rothbardian analysis of the New Deal, but I suppose that was done by the next generation of Austrians (Bob Murphy did it). At any rate, the book consists of two parts, theory and history. The part on theory sets forth the austrian business cycle theory and dismantles just about every criticism ever raised. It's about a hundred pages and it's mandatory reading for anyone who wants to understand the cause of economic depressions. I didn't care much about the history part but Rothbard demonstrates though hundreds of pages why Hoover's administration was anything but laissez faire.