The 1937-38 Recession

Miscellaneous History
1

What is the Austrian perspective on this recession within the depression? It seems the mainstream view is that Roosevelt cut government spending too soon and the Fed simultaneously increased reserve requirements.

I’ve also read from other economists that this recession was partially caused by rising wages(from unions) and the New Deal’s hostility to businesses and private investment, but I haven’t seen these claims backed up by anything specific(although I certainly don’t doubt it).

So can anyone point me to any articles or books that pay great attention to this period?

2

Somebody posted a topic about this not long ago, try looking here: http://www.thefreemanonline.org/featured/money-and-gold-in-the-1920s-and-1930s-an-austrian-view/

3

page 589 (639 of 1100) (book page number verses pdf page number) of Reisman’s Capitalism has stuff on this. its downloadable from Capitalism.net

4

I’ve been researching on the topic myself. This is one theory I’ve come up with (well, not really come up with, but extrapolated): http://www.economicthought.net/?p=30

5

For deficit spending

http://mises.org/daily/3534

Took a while for a daily article, but there you go.

Also, check out stuff by Higgs on regime uncertainty. I have a feeling this may have scared the shit out of businesses and caused them to SELL SELL SELL

http://en.wikipedia.org/wiki/Judiciary_Reorganization_Bill_of_1937

6

All the links were changed, so: http://www.economicthought.net/2009/07/roosevelt%E2%80%99s-depression-of-1937/