America's Great Depression

Focusing on the Great Depression, Rothbard argues that government intervention exacerbated the crisis, prolonging its effects. He illustrates how manipulation of the money supply leads to cyclical "boom-bust" phenomena in the market. By examining the Federal Reserve's inflationary policies from 1921 to 1929, he contends that the depression was primarily a result of government and central bank interference rather than speculation. The analysis draws parallels to contemporary economic issues, making it a compelling read for those interested in economic history and policy.