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Pastimes : Book Nook
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To: Ilaine who wrote (150)4/1/2001 3:06:06 PM
From: Mike M2  Read Replies (1) of 443
 
CB, for more figures try Peter Temin " Did Monetary Forces Cause the Great Depression" - Temin is not an austrian economist. For current austrian readings see mises.org . Another good source Alexander Dana Noyes " The Market Place: Reminiscences of a Financial Editor" - it's out of print but I suspect it's a good read since Noyes was the NYT financial/business editor during the 20s and was quite vocal in his warnings of the speculative excesses ( TL & EV) . When Dr. R provides analysis and commentary of the current mess - he ALWAYS gives the source of his statistics. The monetarist school is nonsense - they ignore the role of non bank credit which is not captured by the monetary aggregates. The greater part of credit from this bubble has come from the non bank sector. Mike
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