Great Myth of the Great strongDepressionstrong - Cascade Policy Institute.pdf

CASCADE POLICY INSTITUTE Great Myths of the Great Depression by Lawrence W. Reed October 2000 About the Author Lawrence W. Reed is an adjunct scholar to Cascade Policy Institute and has been presi- dent of the Mackinac Center for Public Policy, a nonprofit, nonpartisan research and educational institute headquartered in Midland, Michigan, since its founding in 1988. Reed holds degrees in economics and history from Grove City College and Slippery Rock State University in Pennsylvania and an honorary doctorate in public administration from Central Michigan University. He taught economics at Northwood University from 1977 to 1984, serving as chair of the department from 1982 to 1984. Reed is author of over 800 columns and articles which have appeared in newspapers and magazines including Investor’s Business Daily, Policy Review, The Detroit News, the Detroit Free Press, and dozens of other publications in the U. S. and abroad. In addition, he has written or edited five books and delivered over 800 speeches in 40 states and 10 foreign countries. His interests in political and economic affairs have taken him as a freelance author to 54 countries on six continents since 1985. Acknowledgments Cascade Policy Institute extends its gratitude to the Mackinac Center for Public Policy in Midland, Michigan for providing the original Great Myths of the Great Depression from which this version is published. For more information about the Mackinac Center, refer to , or call (517) 631-0900. About Cascade Founded in 1991, Cascade Policy Institute is Oregon’s premier policy research center. Cascade’s mission is to explore and promote public policy alternatives that foster indi- vidual liberty, personal responsibility and economic opportunity. To that end the Insti- tute publishes policy studies, provides publi