Categories
Economics Video Link

Rothbard’s America’s Great Depression, Chapter Four, Part Two

We continue our deep dive into Murray Rothbard’s classic text on the Great Depression!

Today, we’re looking at the second half of Chapter Four, which examines four different sources of inflation that the Federal Reserve controlled and exacerbated in the period between 1921-1929.

Show notes can be found here.

This video is available on Odysee, BitChute, and YouTube!

References:

My post “Beware the Bully Pulpit!”
https://marginalnonhermit.com/?p=232

Two Explanations of Acceptances:
https://www.wallstreetmojo.com/bankers-acceptance/
https://www.investopedia.com/terms/a/acceptance-market.asp

Kemmerer, “The ABC of the Federal Reserve System”:
https://fraser.stlouisfed.org/files/docs/publications/books/abcfrs_kemmerer_1922.pdf

Willis’s Manuscript for “Report of an Inquiry into Contemporary Banking in the United States” is impossible to find, but a copy was donated to Columbia U:
http://www.columbia.edu/cu/libraries/inside/projects/findingaids/scans/pdfs/48_WIEN-WIT_13.pdf

Willis et al., “Federal Reserve Banking Practice”:
https://books.google.com/books?hl=en&lr=&id=N7eEAAAAIAAJ&oi=fnd&pg=PR5&dq=henry+parker+willis+conclusions&ots=idu36YEenS&sig=stRjzfExjiXMENYnxYOXNE6V6tA#v=onepage&q&f=false

Harris, “Twenty Years of Federal Reserve Policy”:
https://archive.org/details/twentyyearsoffed0000seym/page/n7/mode/2up

The Annalist (I couldn’t find the Sprague article “Immediate Advances…” anywhere):
https://archive.org/details/pub_annalist-a-magazine-of-finance-commerce-and-economics

Phillips, et al., “Banking and the Business Cycle”
https://mises.org/library/book/banking-and-business-cycle

Banker’s Magazine Archive (See p. 13 for Willis’s article):
https://books.google.com/books?id=ZVsmAQAAIAAJ&printsec=frontcover#v=onepage&q&f=false

Two Willis articles in The Annalist (footnote 24):
https://archive.org/details/sim_annalist-a-magazine-of-finance-commerce-and-economic_1924-11-24_24_619/page/540/mode/2up

https://archive.org/details/sim_annalist-a-magazine-of-finance-commerce-and-economic_1924-11-10_24_617/page/476/mode/2up

Saloutos, “Agricultural Discontent in the Middle West, 1900-1939”:
https://archive.org/details/agriculturaldisc00salorich

Anderson, “Economics and the Public Welfare”:
https://archive.org/details/economicspublicw0000ande/page/n3/mode/2up

Hardy, “Credit Policies of the Federal Reserve System”:
https://mises.org/library/book/credit-policies-federal-reserve-system

Clark, “Central Banking under the Federal Reserve System”
https://fraser.stlouisfed.org/title/central-banking-federal-reserve-system-314

Miller, “Responsibility for Federal Reserve Policies, 1927-1929”:
https://fraser.stlouisfed.org/title/american-economic-review-1161/responsibility-federal-reserve-policies-1927-1929-2353

Robey, “Capeadores in Wall Street”:
https://cdn.theatlantic.com/media/archives/1928/09/142-3/132464434.pdf

Warburg, “The Federal Reserve System (volume 2)”:
https://fraser.stlouisfed.org/files/docs/publications/books/frsorigin1930/frsorigin_warburg_1930v2.pdf

Warburg in the Commercial and Financial Chronicle:
https://fraser.stlouisfed.org/title/commercial-financial-chronicle-1339/march-9-1929-517038

Chandler, “Benjamin Strong, Central Banker”
https://archive.org/details/benjaminstrongce0000chan

Baster, “The International Acceptance Market”:
https://www.jstor.org/stable/195

Garrett, “The Bubble that Broke the World”:
https://mises.org/library/book/bubble-broke-world

Robbins, “The Great Depression”:
https://mises.org/library/book/great-depression

Willis, “The Theory and Practice of Central Banking”:
https://archive.org/details/theorypracticeof0000henr

Reed, “Federal Reserve Policy 1921-1930”:
https://archive.org/details/federalreservepo0000haro/page/n7/mode/2up

Willis, “Who Caused the Panic of 1929?”:
https://www.jstor.org/stable/25110946

Rogoff, “Central Banking Functions of the United States Treasury, 1789-1941”:
https://archive.org/details/in.ernet.dli.2015.469624/page/n5/mode/2up

Leave a Reply

Your email address will not be published. Required fields are marked *