Wednesday, March 10, 2010

Putting the 2008 Recession in Context

George Mason Economic History Professor John V.C. Nye has a clear and well-written piece on the respective roles of markets and governments in causing and repairing economic downturns (here) at The American Interest Online. I'm not sure there is quite the "consensus" among experts he finds that the Great Depression was caused primarily by a series of mistakes at the Federal Reserve. However, agreement or disagreement with a particular argument is no reason to read or not read such a finely written, concise article.

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