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


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​”.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

 



Source link

Related posts