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"Author Rothbard demonstrates how an expansive monetary policy generates imbalances between investment and consumption. He explains how government manipulation of the money supply sets the stage for the familiar "boom-bust" phases of the modern market. He then details the inflationary policies of the Federal Reserve from 1921 to 1929 as evidence that the depression was essentially caused not by speculation, but by government and central bank interference in the market."
"本书是奥地利经济学派的重要著作。作者根据米塞斯关于商业周期的理论，细致而全面地分析了美国20世纪20至30年代的经济状况，对那场发生在上世纪初的经济危机进行了深入的探讨。巴斯罗德认为那场大萧条不是因为政府实行了“自由放任主义”的政策引起的，而恰恰相反正是政府过多地干预经济使然；对于金融领域，巴斯罗德采取了反中央银行的立场，批评了中央银行违背金本位原则，而对金融货币领域加以干预的做法，认为这样对长期的经济发展是非常不利的."
"Ben shu shi ao di li jing ji xue pai de zhong yao zhu zuo. zuo zhe gen ju mi sai si guan yu shang ye zhou qi de li lun, xi zhi er quan mian di fen xi le mei guo 20 shi ji 20 zhi 30 nian dai de jing ji zhuang kuang, dui na chang fa sheng zai shang shi ji chu de jing ji wei ji jin xing le shen ru de tan tao. ba si luo de ren wei na chang da xiao tiao bu shi yin wei zheng fu shi xing le " zi you fang ren zhu yi " de zheng ce yin qi de, er qia qia xiang fan zheng shi zheng fu guo duo di gan yu jing ji shi ran ; dui yu jin rong ling yu, ba si luo de cai qu le fan zhong yang yin xing de li chang, pi ping le zhong yang yin xing wei bei jin ben wei yuan ze, er dui jin rong huo bi ling yu jia yi gan yu de zuo fa, ren wei zhe yang dui chang qi de jing ji fa zhan shi fei chang bu li de."
"Overview: Applied Austrian economics doesn't get better than this. Murray N. Rothbard's America's Great Depression is a staple of modern economic literature and crucial for understanding a pivotal event in American and world history. The Mises Institute edition features a new introduction by historian Paul Johnson. Since it first appeared in 1963, it has been the definitive treatment of the causes of the depression. The book remains canonical today because the debate is still very alive. Rothbard opens with a theoretical treatment of business cycle theory, showing how an expansive monetary policy generates imbalances between investment and consumption. He proceeds to examine the Fed's policies of the 1920s, demonstrating that it was quite inflationary even if the effects did not show up in the price of goods and services. He showed that the stock market correction was merely one symptom of the investment boom that led inevitably to a bust. The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy. Had the book appeared in the 1940s, it might have spared the world much grief. Even so, its appearance in 1963 meant that free-market advocates had their first full-scale treatment of this crucial subject. The damage to the intellectual world inflicted by Keynesian- and socialist-style treatments would be limited from that day forward."

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"Meiguo da xiao tiao"
"Wielki kryzys w Ameryce"@pl
"美国大萧条"
"美国大萧条 = Amerrica's Great Depression"
"Mei guo da xiao tiao = Amerrica's Great Depression"
"America's Great depression"
"America's Great Depression"@en
"La gran depresión"
"La gran depresión"@es
"America's great depression"@en
"America's great depression"
"美囯大萧条"
"America's Great Depresion"
"Mei guo da xiao tiao"

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