Top economists: key cause of the great Depression was the expansion of the money supply in the 1920- as is rapidly happening now

Austrian School of economics. Theorists of the "Austrian School" who wrote about the Depression include Austrian economist Friedrich Hayek and American economist Murray Rothbard, who wrote America's Great Depression (1963). In their view and like the monetarists, the Federal Reserve, which was created in 1913, shoulders much of the blame; but in opposition to the monetarists, they argue that the key cause of the Depression was the expansion of the money supply in the 1920s that led to an unsustainable credit-driven boom.

Ref:

http://www.ukessays.com/essays/history/causes-and-economic-indicators-of-the-great-depression-history-essay.php

http://en.wikipedia.org/wiki/Great_Depression

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