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- ISBN13: 9780691118208
- Condition: NEW
- Notes: Brаחԁ Nеw frοm Publisher. Nο Remainder Mаrk.
Essays οח tһе Fаחtаѕtіс Depression
July 9, 2010 at 9:22 am
Lots of data, but the tale to tell seems to have never been found. The findings are really not that fascinating.
Rating: 1 / 5
July 9, 2010 at 12:01 pm
Anyone can spin a tale about whatever thing using the various mumbo-jumbo parts of mainstream economics. Bernanke here has chose to ravage the gold standard. Suffice to say, it is extremely tedious, banal, and antithetical to common sense.
Ludwig Von Mises predicted the Fantastic Depression in 1919.
Here’s two simple steps to know the real produce of the crash.
1. Read Murray Rothbard’s America’s Fantastic Depression
2. Google “Benjamin Strong”, the first Federal Reserve chairman who served until his death in 1928. Bernanke does not mention Strong at all. You will find nearly all the answers in Strong’s tenure. For the severity and part of the recession, please read Jim Powell’s “FDR’s Folly”.
Rating: 1 / 5
July 9, 2010 at 2:49 pm
Overall Bernanke does a excellent job at looking at different theories, but his theories on the dangers of deflation have been refuted by many authors. It is too terrible that this scheme clouds his vision, or else his treatment of the depression would have a lot more authority.
For the economist, I would highly recommend “America’s Fantastic Depression” by Murray N. Rothbard. He is by far the most thorough in his treatment of the period, delivering the most compete and well founded scheme for the produce of the Fantastic Depression, too terrible Bernanke hasn’t read it.
Rating: 2 / 5
July 9, 2010 at 3:16 pm
Essays may be the driest book I have ever fought my way owing to. But I am very glad that I read it. If you read it along with essays from mises.org, you’ll know how Bernanke will ruin the economy and the dollar. He’s not done yet.
Rating: 5 / 5
July 9, 2010 at 3:42 pm
I thought this book would be relevant because of the current banking problems and because Bernanke heads the Federal Reserve. There are nuggets of truth about monetary policy and the gold standard, the role of bank panics in deepening the Depression, the failure of nominal wages to adjust to fiscal changes, and the reason the New Deal did not end the Depression. But the nuggets are buried in mountains of charts, equations and fiscal insider jargon. The general reader can pass on this one.
Rating: 1 / 5