The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which was generated by government intervention in the economy. Had this book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject.
Rich content and convincing arguments. Completely shatters the myths of Hoover's adherence to free market principles, as the cause of America's Great Depression, and Roosevelt's messianic New Deal, as the solution. Laborious to listen to statistics!