The Bubble that Broke the World
|March 24 2011|
This book blows away the conventional interpretations of the crash of
1929, not only in its contents but that this book exists at all. It was
written in 1931. He ascribes the crash to the pile of up debt, which in
turn was made possible by the Fed printing machine. This created
distortions in the production structure that cried out for correction.
So what is the answer? Let the correction happen and learn from our
Such is the thesis of the great Garet Garrett. But take note: this book was a big seller in 1931. In other words, two years before FDR arrived with his destructive New Deal, ascribing the depression to capitalism and speculation, Garrett had already explained what was really behind the correction.
It took Murray Rothbard to resurrect these truths decades later, and when he wrote this in 1963, it was a shock and we are still fighting an uphill battle to explain the true causes of the crash and following depression. But here in this wonderful book is an actual contemporary account that spelled it out plainly for the world to see.
No more can we say that people back then could not have understood. Garrett told them. And thanks to this new edition of this classic and important work, he is telling us again today.
PDF format,13MB, 188Pages.
By GARET GARRETT
This book, originally published in 1932, presents a cosmology of a mass delusion which affects the mentality of the world. This takes place following World War I where the Federal Reserve System, for the first time, allowed flexible currency.
|Last Updated ( March 24 2011 )|
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