{"id":600,"date":"2024-09-01T17:08:13","date_gmt":"2024-09-01T23:08:13","guid":{"rendered":"https:\/\/marginalnonhermit.com\/?p=600"},"modified":"2025-05-14T16:20:30","modified_gmt":"2025-05-14T22:20:30","slug":"rothbards-americas-great-depression-chapter-six","status":"publish","type":"post","link":"https:\/\/marginalnonhermit.com\/?p=600","title":{"rendered":"Rothbard&#8217;s <i>America&#8217;s Great Depression<\/i>, Chapter Six"},"content":{"rendered":"\n<iframe id=\"odysee-iframe\" style=\"width:100%; aspect-ratio:16 \/ 9;\" src=\"https:\/\/odysee.com\/$\/embed\/@MarginalNonHermit:3\/Americas-Great-Depression-ch6:5?r=8gvoByECHNgc2BfQ5o91oxf89bpi1Ui4\" allowfullscreen><\/iframe>\n\n\n\n<p class=\"\">This chapter is short, but really needs a little supplement from Rothbard&#8217;s other writings to really &#8220;get it.&#8221;<\/p>\n\n\n\n<p class=\"\">Don&#8217;t worry, I got your back. In the video, I identify two more passages that help explain why the goal of &#8220;stable prices&#8221; is counterproductive. They&#8217;re from <em>Man, Economy, and State<\/em> and <em>Making Economic Sense<\/em>.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"\">Get your free copy of <em>America&#8217;s Great Depression<\/em> here:<br><a href=\"https:\/\/mises.org\/library\/book\/americas-great-depression\">https:\/\/mises.org\/library\/book\/americas-great-depression<\/a><\/p>\n\n\n\n<p class=\"\">Also, you can get <em>Man, Economy, and State<\/em> here:<br><a href=\"https:\/\/mises.org\/library\/book\/man-economy-and-state-power-and-market\">https:\/\/mises.org\/library\/book\/man-economy-and-state-power-and-market<\/a><\/p>\n\n\n\n<p class=\"\">And <em>Making Economic Sense<\/em> here:<br><a href=\"https:\/\/mises.org\/library\/book\/making-economic-sense\">https:\/\/mises.org\/library\/book\/making-economic-sense<\/a><\/p>\n\n\n\n<p class=\"\">For show notes, including links to references, go <a href=\"https:\/\/marginalnonhermit.com\/wp-content\/uploads\/2024\/09\/rothbard-depression-notes-ch6.pdf\">here<\/a>.<\/p>\n\n\n\n<p class=\"\">Return to the series list <a href=\"https:\/\/marginalnonhermit.com\/?page_id=763\">here<\/a>.<\/p>\n\n\n\n<p class=\"\">This video is available on <a href=\"https:\/\/odysee.com\/@MarginalNonHermit:3\/Americas-Great-Depression-ch6:5\">Odysee<\/a>, <a href=\"https:\/\/old.bitchute.com\/video\/G2YzNivOvuOi\/\">BitChute<\/a>, and <a href=\"https:\/\/youtu.be\/a4kGGhxvl30\">YouTube<\/a>.<\/p>\n\n\n\n<p class=\"\"><span style=\"text-decoration: underline;\">References:<\/span><\/p>\n\n\n\n<p class=\"\">Historical Statistics of the United States, 1789-1945<\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/www.census.gov\/library\/publications\/1949\/compendia\/hist_stats_1789-1945.html\">https:\/\/www.census.gov\/library\/publications\/1949\/compendia\/hist_stats_1789-1945.html<\/a><\/p>\n\n\n\n<p class=\"\">Phillips, McManus, and Nelson: <em>Banking and the Business Cycle<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/mises.org\/library\/book\/banking-and-business-cycle\">https:\/\/mises.org\/library\/book\/banking-and-business-cycle<\/a><\/p>\n\n\n\n<p class=\"\">Chandler, <em>Benjamin Strong, Central Banker<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/benjaminstrongce0000chan\">https:\/\/archive.org\/details\/benjaminstrongce0000chan<\/a><\/p>\n\n\n\n<p class=\"\">Rist, <em>Notice Biographique<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/www.jstor.org\/stable\/24689652\">https:\/\/www.jstor.org\/stable\/24689652<\/a><\/p>\n\n\n\n<p class=\"\">Fisher, <em>Stabilised Money<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.149825\">https:\/\/archive.org\/details\/in.ernet.dli.2015.149825<\/a><\/p>\n\n\n\n<p class=\"\">Snyder, <em>The Stabilization of Gold: A Plan<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/www.jstor.org\/stable\/1804899\">https:\/\/www.jstor.org\/stable\/1804899<\/a><\/p>\n\n\n\n<p class=\"\">Snyder, <em>Capitalism the Creator<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/mises.org\/library\/book\/capitalism-creator\">https:\/\/mises.org\/library\/book\/capitalism-creator<\/a><\/p>\n\n\n\n<p class=\"\"><em>Encyclopaedia Brittanica<\/em>, 14<sup>th<\/sup> edition, Volume 22 (entry \u201cTrade Cycle\u201d)<\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.83491\/page\/n433\/mode\/2up\">https:\/\/archive.org\/details\/in.ernet.dli.2015.83491\/page\/n433\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">The International Gold Problem Collected Papers (see \u201cHow Do We Want Gold to Behave?\u201d)<\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.73585\/page\/n33\/mode\/2up\">https:\/\/archive.org\/details\/in.ernet.dli.2015.73585\/page\/n33\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Hawtrey, <em>The Art of Central Banking<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/dli.ernet.8052\/page\/n5\/mode\/2up\">https:\/\/archive.org\/details\/dli.ernet.8052\/page\/n5\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Keynes, <em>A Tract on Monetary Reform<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/ia903007.us.archive.org\/15\/items\/tractonmonetaryr0000keyn\/tractonmonetaryr0000keyn.pdf\">https:\/\/ia903007.us.archive.org\/15\/items\/tractonmonetaryr0000keyn\/tractonmonetaryr0000keyn.pdf<\/a><\/p>\n\n\n\n<p class=\"\">Lombard, <em>Monetary Statesmanship<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/books.google.com\/books\/about\/Monetary_Statesmanship.html?id=ypYvAAAAYAAJ\">https:\/\/books.google.com\/books\/about\/Monetary_Statesmanship.html?id=ypYvAAAAYAAJ<\/a><\/p>\n\n\n\n<p class=\"\">Einzig, <em>Montagu Norman<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/in.ernet.dli.2015.39711\/page\/n7\/mode\/2up\">https:\/\/archive.org\/details\/in.ernet.dli.2015.39711\/page\/n7\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Clay, <em>Lord Norman<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/lordnorman0000clay\">https:\/\/archive.org\/details\/lordnorman0000clay<\/a><\/p>\n\n\n\n<p class=\"\">Lawrence, <em>Wall Street and Washington<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/books.google.com\/books\/about\/Wall_street_and_Washington.html?id=93tEAAAAIAAJ\">https:\/\/books.google.com\/books\/about\/Wall_street_and_Washington.html?id=93tEAAAAIAAJ<\/a><\/p>\n\n\n\n<p class=\"\"><em>Commercial and Financial Chronicle, April 6, 1929<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/fraser.stlouisfed.org\/title\/commercial-financial-chronicle-1339\/april-6-1929-516888?page=46\">https:\/\/fraser.stlouisfed.org\/title\/commercial-financial-chronicle-1339\/april-6-1929-516888?page=46<\/a><\/p>\n\n\n\n<p class=\"\">Beckhart, <em>The New York Money Market<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/www.degruyter.com\/document\/doi\/10.7312\/beck93862\/html?lang=en#contents\">https:\/\/www.degruyter.com\/document\/doi\/10.7312\/beck93862\/html?lang=en#contents<\/a><\/p>\n\n\n\n<p class=\"\">Dorfman, <em>The Economic Mind in American Civilzation: 1606-1865<\/em>, Volume 1<\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/mises.org\/library\/book\/economic-mind-american-civilization-1606-1865-volume-one\">https:\/\/mises.org\/library\/book\/economic-mind-american-civilization-1606-1865-volume-one<\/a><\/p>\n\n\n\n<p class=\"\">The Annalist, Sept. 2, 1927<\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/sim_annalist-a-magazine-of-finance-commerce-and-economic_1927-09-02_30_763\">https:\/\/archive.org\/details\/sim_annalist-a-magazine-of-finance-commerce-and-economic_1927-09-02_30_763<\/a><\/p>\n\n\n\n<p class=\"\">Harris, <em>Twenty Years of Federal Reserve Policy<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/archive.org\/details\/twentyyearsoffed0000seym\/page\/n7\/mode\/2up\">https:\/\/archive.org\/details\/twentyyearsoffed0000seym\/page\/n7\/mode\/2up<\/a><\/p>\n\n\n\n<p class=\"\">Aldrich, <em>The Causes of the Present Depression and Possible Remedies<\/em><\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/books.google.com\/books\/about\/The_Causes_of_the_Present_Depression_and.html?id=iijIAAAAMAAJ\">https:\/\/books.google.com\/books\/about\/The_Causes_of_the_Present_Depression_and.html?id=iijIAAAAMAAJ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This chapter is short, but really needs a little supplement from Rothbard&#8217;s other writings to really &#8220;get it.&#8221; Don&#8217;t worry, I got your back. In the video, I identify two more passages that help explain why the goal of &#8220;stable prices&#8221; is counterproductive. They&#8217;re from Man, Economy, and State and Making Economic Sense.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,82,2],"tags":[197,37,198,196,199],"class_list":["post-600","post","type-post","status-publish","format-standard","hentry","category-economics","category-philosophy","category-video-link","tag-americas-great-depression","tag-economics","tag-great-depression","tag-rothbard","tag-study-guide"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=600"}],"version-history":[{"count":4,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/600\/revisions"}],"predecessor-version":[{"id":787,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=\/wp\/v2\/posts\/600\/revisions\/787"}],"wp:attachment":[{"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marginalnonhermit.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}