Rothbard, Murray. "Murray Rothbard on Economic Recessions." Libertarian Party Presidential Nominating Convention. New York. 1983.
In this clip from a longer talk titled “Mises, Keynes, Friedman, Laffer: The Austrian Perspective,” Murray Rothbard compares the last recession before the New Deal with those occurring later. He argues that the government’s inaction during pre-New Deal recessions hastened their recovery.