Mises Daily
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
For years, many of us puzzled about how something so stupid and destructive as the New Deal could have happened. The stock market crashed because it was overinflated. That’s nothing new. History is filled with credit bubbles that pop. Resources are reallocated to reflect economic reality and we move on. The New Deal was different. It actually