America's Great Depression

Why it’s on the list: Rothbard’s Austrian account of 1929: the boom was the error, the 1920s credit expansion caused it, and Hoover’s interventions are what turned a correction into a decade. A minority reading, argued at length.

Where I saw it: In the reply thread to @typesfast’s question, “What’s the best history book you’ve read?” (June 5, 2025) — a crowd-sourced list Kyle recovered by hand and saved to his Apple Note “Books To Read”; the full set of replies lives on What’s the best history book… (tweet). It was listed there as “America’s Great Depression — Rothbard”.

Connections

• Economics — The dispute the book is a position in.
• Economic History — The episode.
• Markets — Where the Austrian argument lives.
• What’s the best history book… (tweet) — the thread this recommendation came from.