Capitalism's Savior By Conrad Black
Paper praising the works of Roosevelt going against Jim Powell saying that FDR prolonged the depression.
Great Myth's of the Great Depression: Lawrence Reed
Argues against the idea that the stock market crash was the cause of the great depression.
Argues against common idea that goverment involvement is necessary to maintain a balanced economy
Paper: What determines the price level?
Important background information.
Price level measures the amount of money you have to give up to obtain a unit of the average good in the economy.
Value of money = 1/price level
When you increase the money stock, the value of the money decreases.
Real verses Nominal
REAL is the purchasing power (will this 20 dollars buy me more or less than before)
NOMINAL is how much cash (20 dollars)
The forgotten Depression of 1920: Thomas E. Woods
-During this time Harding was president
-Hoover was secretary of commerce and urged Harding to do something.
-Harding ignored him and simply cut taxes and cut the government budget in half.
-National debt reduced by one third
-No federal activity really took place
Not So Great Depression: Jim Powell
Warren harding is the greatest depression fighting president, not FDR.
He inherited Woodrow Wilson's mess and proceeded to fix it.
US recession of 1920-21, Some Austrian Myths: Anonymous
Ohanian: Who or what started the great depression?
Mainly focuses on how the great depression is Herbert Hoover's fault for the problems he caused with unionization polices.
Wages and price fixing he thought the answer was... it wasn't
The Depression within a Depression, Reserve requirement debacle of 1935-1938: Timberlake