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Depression

Freeman Article

What Economic Elites Don’t Want You to Know about Crashes
A 1921 event will change your understanding of depressions

Jim Grant chronicles how the market works marvels if left alone.

Resources

Economics in One Lesson (full text)
The fastest and best way to discover economic basics

"No other modern book from which the intelligent layman can learn so much about the basic truths of economics in so short a time." ~ F.A. Hayek

Freeman Article

Private Investment and Public “Investment”

Freeman Article

The Newspeak of Paul Krugman
Destruction is creation.

No critic of free-market economics can ever again accuse us of being irrational and immoral when it is Paul Krugman who says destruction creates wealth, and war is an acceptable second-best path to economic growth.

Freeman Article

The Medicalization of Suicide

Freeman Article

Cause, Effect, and the Current Depression
Sorting it out.

All too often people confuse cause and effect.

Freeman Article

The Depression You've Never Heard Of: 1920-1921

Freeman Article

The Great Depression and World War II

What about World War II? Did it end the Great Depression? More generally, is war good for the economy? I answer both in the negative and borrow here from Ludwig von Mises: "War prosperity is like the prosperity that an earthquake or a plague brings." As Higgs points out, because of the array of interventions in the wartime economy, war materiel was valued incorrectly and therefore the GDP data overstate economic conditions. Moreover, conscription and arms production gave a misleading employment picture

Freeman Article

The Great Austrian Inflation
A Tale of Social Democratic Fiscal Policy

Wars always bring great destruction in their wake.

Freeman Article

Straight Talk about Suicide
We Are Squeamish and Superstitious about Suicide
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