The author is wrong on several points. The great depression was caused by an overestimation of how much the currency would inflate as a result of the Federal Re

The author is wrong on several points. The great depression was caused by an overestimation of how much the currency would inflate as a result of the Federal Reserve's lending practices, along with an expectation that the gold standard would be returned. It was an overprinting and contraction of fiat, deflation of which was totally unexpected, that caused it.