“Great Myths of the Great Depression” is a fascinating analysis of the Great Depression. The popular myth is that laissez faire policies caused the Depression and government intervention was what finally ended it. Lawrence Reed points out that the Federal Reserve “presided over a dramatic contraction of the money supply that began late in the decade [of the 1920s]. The federal government’s responses to the resulting recession took a bad situation and made it far, far worse.”
Read the full story here: “Great Myths of the Great Depression”