This one just won’t go away. Even people who should know better unthinkingly repeat this one. Here’s what’s wrong with this claim.
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Resources Mentioned
“Wartime Prosperity? A Reassessment of the U.S. Economy in the 1940s,” by Robert Higgs
Depression, War, and Cold War by Robert Higgs
“What Austrian Economics Can Teach Historians,” by Tom Woods (PDF)
“The Great Depression of 1946,” by Richard Vedder and Lowell Gallaway (PDF)
Listener Website Mentioned
The Contra Cruise!
Join Bob Murphy and me for our 2019 cruise, featuring special guests Gene Epstein and Brad & Dedra Birzer!
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Audio by Chris Williams Audio.
