The forgotten depressionGrant, James
The forgotten depression
by Grant, James · first published 2014
2mentions
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2HN commenters
2020–2022first – last mentioned
100% neutral
"By the publisher of the prestigious Grant's Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils. James Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated
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…explanation using the 2008 crisis, and the second is a very amusing yet educating economy lesson told as a kids' story. Another book that can help grasp this, although I wouldn't read it first, is "The Forgotten Depression: 1921: The Crash That Cured Itself" by James Grant. If you're interested in the actual business cycle theory, Tom Woods explained it briefly while promoting Meltdown. Explanation starts 14:03: https://youtu.be/NBwJm68FkMc?t=844…
on “Ask HN: What are you reading to make sense of the economy?” ↗…McPhee End of a Berlin Diary by Shirer Seizing the Enigma: The Race to Break the German U-Boat Codes, 1933-1945 by Kahn Hell and Good Company: The Spanish Civil War and the World it Made by Rhodes The Forgotten Depression: 1921 : The Crash that Cured Itself by Grant Bernard Baruch by Grant Wool by Howey Project Hail Mary by Weir
on “Ask HN: Which book are you reading, since when?” ↗