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Letter: He cites economist, historian on government intervention

Published 12/16/2009, Pierce County Herald

TO THE EDITOR: Murray N Rothbard (1926-1995), economist and economic historian in “Economic Depressions: Their Cause and Cure,” wrote: “In the old days, we used to suffer nearly periodic economic crises, the sudden onset of which was called a “panic,” and the lingering trough period after the panic was called “depression.”

Word count: 294

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