The Panic of 1819 was Americas first great economic crisis. And this is Rothbards masterful account the first full scholarly book on the topic and still the most definitive. Rothbard tells the story about a disaster that could not be attributed to some specific government blunder or disaster. It seemed to originate from within the economic system itself. Its cause was not obvious to observers at the time. Confronted with something new the Panic engendered much discussion and debate about possibl