Thomas E. Woods, Jr., is the New York Times bestselling author of 11 books, including The Politically Incorrect Guide to American History and Meltdown (on the financial crisis.) A senior fellow of the Ludwig von Mises Institute, Woods has appeared on MSNBC, CNBC, FOX News, FOX Business, C-SPAN, Bloomberg Television, and hundreds of radio programs... (Read More)
Here’s Irving Fisher, the godfather of American economics and the greatest American economist in the estimation of Milton Friedman, assuring everyone in October 1929 that the economy is fine and that stocks will turn back up. (Thanks to Newsalert.)
For more on this, see Mark Thornton’s paper comparing Fisher and Mises.