Ep. 804 Revisiting the Depression You've Never Heard Of

Published: Dec. 15, 2016, 5:47 p.m.

For a long time, nobody wanted to discuss the Depression of 1920-21, since it reversed itself without fiscal or monetary stimulus. But after a few other scholars and I started making hay with this example, Keynesian critics crawled out of the woodwork. My guest today responds, and vindicates our view.