The Great Depression Book

One of my most cherished volumes in economics and Political Economy.

A classic series of scholarly and highly accessible essays treating the assumptions given in textbooks that drive the overall logical fallacy which teaches the high outputs of government spending for wars relieves the desire for employment or safety. We discover many golden sets of raw data, extracted from the government's own recordings and archives, displaying the deficit of any evidence that government activity and contracts create real growth. In fact, it's exponentially the exact opposite effect in the allocative activities of existing wealth and value. Government, we learn compellingly, decreases and even destroys value, as there's no market feedback mechanism in place to calibrate any perceived value, because government decisions exist as a cartel and monopoly over all sectors through fleeced extractions of real value expressed through labor, savings, and earnings, as well as the inflationary factors hindering and inhibiting private-sector investment decisions.

All of Dr. Higgs' works are highly engrossing and vital on these subjects, allowing for lay students and the collegiate class to grasp and understand overarching concepts, while giving clear methodology in economic theory dispelling likewise with the academia-driven assertions insisting on models of various metric calculations to forecast and comprehend economic trends and probabilities.