Colin:
The "Roaring 20s" were a false boom created by expanded money stock and artificially low interest rates.
The Great Depression was the bust that always accompanies a false boom.
It's really that simple.
I don't care what Keynesian economists say about what the government should do. They are wrong. They have always been wrong. Von Mises predicted the Great Depression, Keynes' policy advice helped it last 25 years.
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