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The depression of 1920 is called the "forgotten" depression primarily because most history textbooks skip it which might lead people to assume that it was not such a bad depression. Textbooks rather focus on the Great Depression of 1929 and the "hero" FDR. What's an Austrian economics take on the 2 depressions?
By Subjective ProfessorThe depression of 1920 is called the "forgotten" depression primarily because most history textbooks skip it which might lead people to assume that it was not such a bad depression. Textbooks rather focus on the Great Depression of 1929 and the "hero" FDR. What's an Austrian economics take on the 2 depressions?