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By Richard Fernandez

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The Death of Kings

May 18, 2009 - 4:34 pm - by Richard Fernandez
Pace
2009-05-18 19:34:09

Langley: Actually the term great depression was used in the 1930′s, by Hoover and by FDR (it usually appeared uncapitalized). The British economist Robbins wrote a book entitled “The Great Depression” in 1934. (Text is available via the blog at mises.org)

Hoover used the word depression because he thought it would be less alarming to people than the term “panic” that had traditionally been used.

Maybe we should revive the older tradition?