9. Money and Gold in the 1920s and 1930s: Defending the Rothbardian Position

06.10.2005 - By Austrian School of Economics: Revisionist History and Contemporary Theory

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Friedman’s book, Monetary History of the United States, tried to show the depression was caused by a deflation of the money supply by the Fed. Rothbard’s America’s Great Depression was published the next year in 1963. Rothbard argued that the Fed was actively inflating the money supply. 

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