Saturday, October 10, 2009

How the Depression of 1920 Was Conquered…

In regular contributor Joe’s words:
…an excellent video from Tom Woods, the author of Meltdown, explaining the depression of 1920 and how the federal government's hands off approach led to a quick rebound. A must watch, with some explanation of the Austrian school of economics.

I agree with Joe, a great presentation by a very good speaker – well worth the time to watch. I will note, however, that I do not necessarily agree with the Misses Institute that a return to "hard money" (the gold standard) is necessary or appropriate.

October 10, 2009 9:37 AM by Thomas E. Woods (49 minutes):