The Truth About One of Those Pre-Fed Depressions : The Depression of 1873-1879

Patrick Newman looks at one infamous Depression in American history. The Depression of 1873-1879. Why did it happen? We'll bet after reading this and listening to this interview with Patrick Newman , you'll know more about this subject than most economists and historians! For even more information related to this subject, click on this link:

Patrick Newman discusses the depression of the 1870s, which is often cited as evidence of the economic instability of laissez-faire capitalism. It was nothing of the sort, says Newman, who uses Austrian business cycle theory to understand what really happened.

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