#38783
Mentioned in 2 episodes
The Forgotten Depression
1921: The Crash That Cured Itself
Book • 2015
In *The Forgotten Depression*, James Grant explores the economic downturn of 1920-21, which was characterized by a sharp contraction followed by a rapid recovery without significant government intervention.
Grant argues that this episode offers valuable lessons for contemporary policymakers, contrasting it with later depressions where intervention was more pronounced.
The book provides a compelling narrative of economic resilience and the role of market forces in recovery.
Grant argues that this episode offers valuable lessons for contemporary policymakers, contrasting it with later depressions where intervention was more pronounced.
The book provides a compelling narrative of economic resilience and the role of market forces in recovery.
