Editing America's Great Depression (section)

==Summary==
Rothbard argues that it was the [[Economic interventionism|interventionist]] policies of the [[Herbert Hoover]] administration which magnified the duration, breadth, and intensity of the Great Depression.<ref>{{cite web |last1=Rothbard |first1=Murray |title=Herbert Hoover's Depression |url=https://archive.lewrockwell.com/rothbard/rothbard184.html |website=LewRockwell.com |publisher=LewRockwell.com |access-date=11 January 2024}}</ref> Rothbard explains the [[Austrian Business Cycle Theory|Austrian theory of the business cycle]], which holds that government manipulation of the money supply sets the stage for the familiar "[[Boom and bust|boom-bust]]" phases of the modern market. He then details the [[inflation]]ary policies of the [[Federal Reserve]] from 1921 to 1929 as evidence that the depression was essentially caused not by [[speculation]], but by government and central bank interference in the market.{{Third-party inline|date=June 2023}}