I am in the middle of reading Thomas Woods’ “Meltdown” and on page 94 of my edition, in chapter 5, while discussing the depression of 1920 - 1921 he notes that “[b]y the middle of 1920 the downturn in production had become severe, falling by 21 percent over the following twelve months”
There was no footnote listed for this quote, so was curious if anybody had any ideas on where to get sourcing for this data?
Thanks ahead of time!
Try emailing Tom Woods himself.
Forget The Meltdown get The Invisible Hook instead.
This ^^ Tom will answer thoughtful, polite and succinct emails. He’s also a member of this community.
Yes and Dr. Woods is nice enough to respond to you as quickly as he can. Rather nice, concise fellow.
I’ll third this.
But to be honest, I didn’t find the book academic enough. I realize this was probably not what Woods was aiming for, but still the book just bored me.
Giles Stratton is right on The Invisible Hook, though. Very fun read.
It is obviously for the laymen. If you hang around Mises forums long enough, it becomes very basic. I believe that was the aim of Dr. Woods. A book that the average individual who is merely asking ‘what the hell happened?’
Why would Woods print a picture of a beer glass…? [^o)]
Tom Woods does keg stands. A true historical fact [:P]
Youtube?
Vedder & Gallaway, Out of Work, p. 63.
It has a table of different statistics, including factory output. Using the first quarter of 1920 as the base year (100), it would fall to its lowest (69.6) in the first and second quarters of 1921.
I was surprised at how much professional libertarian economists party. I won’t give names. 