Oh brother. This again? It’s weird I hadn’t heard of this “balance sheet depresson” nonsense before. See this thread that was just created a few days ago on that topic…
Is the current “Financial Crisis” a “Balance Sheet Recession”?
As for America’s Great Depression, yes, it’s an excellent text on the subject. I also recommend The Politically Incorrect Guide to the Great Depression and the New Deal.
I haven’t read The Great Depression, but Rothbard himself called it “one of the great economic works of our time”…so I’d go on a limb and say it’s worth a look as well.
P.S.
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