Submitted by Pater Tenebrarum via Acting-Man.com,
Should Recessions be Feared and Avoided?
Back in 1969, a monograph by Murray Rothbard was published as a small booklet. Its title was “Economic Depressions: Their Cause and Cure” (readers unfamiliar with the essay can download the pdf version below). The booklet achieved enormous circulation at the time and remains a timeless, trenchant and rigorous analysis of the essence of the business cycle accessible to everyone.