The Economics of Great Depression Scrip Economics / Economic Depression Jun 30, 2010 - 11:25 AM By: Clifford F Thies According to Paul Krugman, a contributing cause to a depression is hoarding and, concerning this, I have no real quarrel.[1] It is concerning the ability of the market to address the problem of hoarding, versus the need for government intervention because of hoarding, on which I disagree. Back in 1999, when Krugman wrote The Return of Depression Economics, it was received strangely. It was a thin book, written in large type, short on economics and long on storytelling. Supposedly, it...