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Great Myths of the Great Depression, by Lawrence W. Reed
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Students today are often given a skewed account of the Great Depression of 1929-1941 that condemns free-market capitalism as the cause of, and promotes government intervention as the solution to, the economic hardships of the era. In this essay based on a popular lecture, Foundation for Economic Education President Lawrence W. Reed debunks this conventional view and traces the central role that poor government policy played in fostering this legendary catastrophe.
Lawrence W. ("Larry") Reed became president of the Foundation for Economic Education (FEE) in 2008. Prior to becoming FEE's president, he served for twenty years as president of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time from 1977 to 1984 at Northwood University in Michigan and chaired its Department of Economics from 1982 to 1984. A champion for liberty, Reed has authored over 1,000 newspaper columns and articles, dozens of articles in magazines and journals in the United States and abroad.
The Foundation for Economic Education (FEE) is the premier source for understanding the humane values of a free society, and the economic, legal, and ethical principles that make it possible. At FEE, you’ll be connected with people worldwide who share those values and are inspired by the dynamic ideas of free association, free markets, and a diverse civil society.
Explore freedom’s limitless possibilities through seminars, classroom resources, social media. Learn how your creativity and initiative can result in a prosperous and flourishing life for yourself and the global community. Whether you are just beginning to explore entrepreneurship, economics, or creating value for others or are mentoring others on their journeys, FEE has everything you need.
FEE is supported by voluntary, tax-deductible contributions from individuals, foundations, and businesses who believe that it is vital to cultivate a deep appreciation in every generation for individual liberty, personal character, and a free economy.
- Sales Rank: #59710 in eBooks
- Published on: 2015-08-25
- Released on: 2015-08-25
- Format: Kindle eBook
Most helpful customer reviews
23 of 26 people found the following review helpful.
A bright light on the long shadow of rewritten history.
By Samuel D. Bradley II
I lived through the Roosevelt depression. I was young, but since we had no TV, no telephone, no internet, I spent many evenings listening to adult conversations. Many men and women held the position that FDR caused the Hoover recession to become the Great Depression with bad money policies. This book is spot on!
19 of 21 people found the following review helpful.
Good summary of what went on.
By Charlie G
This is a good summary of the criticisms of the government's performance during the Great Depression. Hoover and FDR are both criticized, but especially FDR. If you like the material I would recommend reading one of the bigger books the author references. Start it with an open mind.
8 of 8 people found the following review helpful.
Illuminating read.
By ken
Very educational book. Illuminates the facts of the Great Depression, unlike the fiction we are taught in school. Good examples of government and good intentions going bad and subsequent refusal by those in power to accept the reality of their failed policies.
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