Great Depression Myths Revisited

Phase I: The Business Cycle

The current financial crisis, a new government bailout in the works, talk of regulation and deregulation and a general unease regarding America's economic future have politicians and pundits alike threatening a repeat of the Great Depression.

This week, the Mackinac Center is re-running one of its most successful and popular publications ever: "Great Myths of the Great Depression," written in 1998 and revised in 2005 by President Emeritus Lawrence W. Reed. This powerful monograph details the cause of the depression, the government interventions that sustained it, and how the myths that federal policies eventually "saved" the country have been perpetuated over the past seven decades.

Phase I: The Business Cycle

Great Myths cover


Related Articles:

Legacy Society Luncheon: The Morality of Capitalism

Legacy Society

WikiLeaks: Granholm's Obama Job Application Oversold Clean Energy Jobs

RTA Transit Tax Focuses on Old Technology, Ignores Opportunity

October 21, 2016 MichiganVotes Weekly Roll Call Report

Tilt from Tax Cutting to Corporate Welfare Renews Failed Approach to Economic Growth