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posted on 15 November 2017

Documentary Of The Week: The Great Depression You Have Never Heard Of

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Econintersect: Tom Woods addresses the question of how austerity interacts with depressions using the Depression of 1920-21 has an example. In this address at the Ludwig von Mises Institute in April 2009, Woods argues that the severe austerity in 1920 and 1921 proves that stimulus is not the way to get out of a depression because of the strong, sharp recovery in 1922 and the following years.

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From Wikipedia:

Thomas Ernest Woods Jr. (born August 1, 1972) is an American historian, political commentator, author, and podcaster.[1][2] Woods is a New York Times Best-Selling author and has published twelve books.[1] He has written extensively on subjects including the history of the United States, Catholicism, contemporary politics, and economics. Although not an economist himself, Woods is a proponent of the Austrian School of economics.[3] He hosts two podcasts, The Tom Woods Show and Contra Krugman.[2][4]

Source: YouTube

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