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A Drop in the Money Supply Was Not the Cause of the Great Depression

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Tags Booms and BustsInflationMoney and Banks

11/20/2020Frank Shostak

Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining.

Original Article: "A Drop in the Money Supply Was Not the Cause of the Great Depression​".

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Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

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