If I have seen further it is by standing on the shoulders of giants.

Wednesday, January 18, 2012

The Great Depression | Professor Chesterton

"Many volumes have been written about the Great Depression of 1929-1941 and its impact on the lives of millions of Americans. Historians, economists and politicians have all combed the wreckage searching for the "black box" that will reveal the cause of the calamity. Sadly, all too many of them decide to abandon their search, finding it easier perhaps to circulate a host of false and harmful conclusions about the events of seven decades ago. Consequently, many people today continue to accept critiques of free-market capitalism that are unjustified and support government policies that are economically destructive." - Lawrence W. Reed

Text based on the essay "Great Myths of the Great Depression" [PDF]

The Great Depression - Professor Chesterton

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