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

Tags: Booms and Busts, Inflation, Money and Banks

11/20/2020 Frank 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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