Heterodox
The US recession of 1920–1921 is employed by Austrians and libertarians endlessly to bolster their economic theories, but careful study of this recession shows that libertarians misunderstand it badly, and that they have created a number of myths about it.This can be seen in my updated list of posts below:“The US Recession of 1920–1921: Some Austrian Myths,” October 23, 2010.“There was no US Recovery in 1921 under Austrian Trade Cycle Theory!,” June 25, 2011.“The Depression of 1920–1921: An...
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