The elementary truth is that the Great Depression was produced by government mismanagement. It was not produced by the failure of private enterprise, it was produced by the failure of government to perform a function which had been assigned to it.
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"Economic Myths and Public Opinion” The Alternative: An American Spectator vol. 9, no. 4, (January 1976) pp. 5-9, Reprinted in Bright Promises, Dismal Performance: An Economist’s Protest, New York: Harcourt Brace Jovanovich (1983) pp. 60-75