Murray Rothbard on the correct policy for ending a depression

If government wishes to see a depression ended as quickly as possible, and the economy returned to normal prosperity, what course should it adopt? The first and clearest injunction is: don’t interfere with the market’s adjustment process. The more the government intervenes to delay the market’s adjustment, the longer and more grueling the depression will be, and the more difficult will be the road to complete recovery.

~ Murray Rothbard, America's Great Depression (1963), p. 19

Murray Rothbard on the coming inflationary depression (1982)

We can look forward, therefore, not precisely to a 1929-type depression, but to an inflationary depression of massive proportions.

~ Murray Rothbard, America’s Great Depression (1982)

Murray Rothbard on government intervention to stave off depression

If government wishes to alleviate, rather than aggravate, a depression, its only valid course is laissez-faire – to leave the economy alone. Only if there is no interference, direct or threatened, with prices, wage rates, and business liquidation will the necessary adjustment proceed with smooth dispatch.

~ Murray Rothbard, America's Great Depression (1963)