In response to my question about why things went pear-shaped so quickly after the departure of Calvin Coolidge, N (yup, that’s the name he gave) e-mails to tell me that it was all the fault of the Federal Reserve.  He also points me to Murray Rothbard’s America’s Great Depression.

Now as regular readers will know I am rather down on books, as far as I am concerned if it isn’t on the web it doesn’t exist (histories of WWI excepted, of course).  Fortunately it does exist and it’s right here (warning: big PDF).

In Googling I also came across this quote:

Old myths never die; they just keep showing up in college economics and political science textbooks.

Heh.