Allan Meltzer on the Non-Existent Greater Depression
Sep 2nd, 2009 by Alexandre Padilla
Allan Meltzer tries to put to a rest this silly statement that “the current recession is the worst since the Great Depression.” Economists, politicians, and members of the media can keep telling to people and themselves that this is the case, it does not make it truer. Any serious student of the Great Depression knows this is false. You can read Meltzer’s WSJ opinion piece here.
Allan Meltzer is the author of A History of the Federal Reserve, Volume 1: 1913-1951
I highly recommend Meltzer’s books to any student of money & banking and anybody who has any interest in this aspect of U.S. Economic History.