Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
The April 1999 issue of The Freeman includes this astonishing claim in Richard Timberlake’s article “Money in the 1920s and 1930s” (pp. 37-42): “Many Austrian economists believe that [the Great Depression] started with a central bank ‘inflation’ in the 1920s... The late Murray Rothbard was the chief proponent of this argument. Rothbard’s problem