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Depression

FEBRUARY 24, 2013

Broadly, a downturn in the economy where real (inflation adjusted) income shrinks. Depressions are commonly observed at the national level. Some major causes of depressions include misallocation of capital, increased uncertainty, and supply shocks.

Ben Powell - The Great Boom and Bust

 

Paul Cwik - Austrian Theory of the Business Cycle

Related Freeman Articles

OUR ECONOMIC PAST

Are We Looking at the Wrong Depression?

FEBRUARY 22, 2012 by STEPHEN DAVIES

ARTICLE

Cause, Effect, and the Current Depression

Sorting it out.

AUGUST 11, 2010 by WILLIAM L. ANDERSON

All too often people confuse cause and effect.

ARTICLE

The Great Depression According to Milton Friedman

The Great Depression Could Have Been Avoided if the Fed Had Not So Badly Botched Its Monetary Policy

SEPTEMBER 01, 2007 by IVAN PONGRACIC JR.

OUR ECONOMIC PAST

The Great Contraction, 1929–33

New Ideas about Government Intervention in Recessions Worsened the Great Depression

APRIL 01, 2007 by ROBERT HIGGS

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October 2014

Heavily-armed police and their supporters will tell you they need all those armored trucks and heavy guns. It's a dangerous job, not least because Americans have so many guns. But the numbers just don't support these claims: Policing is safer than ever--and it's safer than a lot of common jobs by comparison. Daniel Bier has the analysis. Plus, Iain Murray and Wendy McElroy look at how the Feds are recruiting more and more Americans to do their policework for them.
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