The panic of 1819

Murray Rothbard's "The Panic of 1819" offers a detailed analysis of the financial crisis of 1819, examining its causes, consequences, and the policy responses of the time.

Rothbard applies Austrian economic principles to understand the role of credit expansion, land speculation, and government intervention in triggering the crisis.

The book provides a historical case study to illustrate the boom-bust cycle and the dangers of unsound monetary policies.

It's a valuable resource for understanding the cyclical nature of economic crises and the importance of sound money.

Rothbard's work remains influential in shaping the Austrian school's perspective on economic fluctuations.