Dick, you may be interested in this excellent analysis from 1933:
Downloaded for later reading. Thanks!
I’ve also begun reading Murray Rothbard’s book on the Great Depression. If you like, I can send you a copy. FReepmail me an email and I’ll send it if you like.
It’s interesting reading, as he has been railing against the state of affairs since the Reagan presidency expecting a big meltdown at some point. He was (deceased now) one of the key economists from the Austrian school of economics - along with the heavy guns like Ludwig Von Mises, Jozef Schumpeter, Hayek...
It is interesting to read an economist who rails against the Keynsians and the Friedmanites as all wrong...