A Bubble That Broke The World
A Bubble That Broke the World is a 1932 masterpiece written by depression-era journalist Garet Garrett. It is highly recommended by Kiril Sokoloff as a primer for our age. The book covers how central bank actions contributed to the debt-driven run-up to the stock market crash of 1929 and the Great Depression. It ascribes the crash to the pile-up of debt, which in turn was made possible by the Federal Reserve's money-printing machine. This created distortions in the economy that cried out for correction.
