Rothbard's "America's Great Depression," Chapter Four, Part One

In this episode, we're covering approximately the first half of chapter four, on the inflationary factors from June 1921 through June 1929. This video covers up through the section "Treasury Currency," on page 116 of the fifth edition.

Rothbard continues to be surprisingly dense and now he's throwing real economic data at us! Phew, this one was a doozy.

For a copy of the book go to: https://mises.org/library/book/americas-great-depression

For show notes, please visit: https://marginalnonhermit.com/?p=566

For more content like this, visit my politics and economics blog at https://marginalnonhermit.com

References (unfortunately, many of these are paywalled): Human Action, Mises https://mises.org/library/book/human-action

Monetary Theory and the Trade Cycle, Hayek https://mises.org/library/book/monetary-theory-and-trade-cycle

The Great Depression, Robbins https://mises.org/library/book/great-depression

Are Time Deposits Money?, Lin https://www.jstor.org/stable/1803818

The Federal Home Loan Bank System and the Control of Credit, McKinley https://www.jstor.org/stable/2976850

Comment Reply, McKinley https://www.jstor.org/stable/2975933

The Significance of Time Deposits in the Expansion of Bank Credit, 1922-28, French https://www.journals.uchicago.edu/doi/abs/10.1086/254284?journalCode=jpe

Prof. Graham on Reserve Money and the 100 Per Cent Proposal, Lin https://www.jstor.org/stable/1803824

100 Per Cent Reserves: Comment, Graham https://www.jstor.org/stable/367

Studies in the Quantity Theory of Money, Friedman https://archive.org/details/studiesinquantit0000frie/page/n7/mode/2up

The Federal Reserve System, Prochnow https://archive.org/details/in.ernet.dli.2015.190477/page/n1/mode/2up

The Role of the Sales Finance Companies in the American Economy, Phelps https://archive.org/details/roleofsalesfinan0000clyd

Some Implications of the Growth of Financial Intermediaries, Shelby https://www.jstor.org/stable/2975931

Banking and Monetary Statistics 1914-1941, Federal Reserve System https://fraser.stlouisfed.org/files/docs/publications/bms/1914-1941/BMS14-41_complete.pdf

The Supply and Control of Money in the United States, Currie https://academic.oup.com/psq/article-abstract/50/3/432/7242097?redirectedFrom=fulltext

Economics and the Public Welfare, Anderson https://archive.org/details/economicspublicw0000ande/page/n3/mode/2up