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  • Great Depression, Austrian Economics/Milton Friedman

    Austrians blame the Great Depression on the inflation created by the Federal reserve during the 1920s and how that fueled the bussiness cycle. Milton Friedman blames it on the collapse of the money supply during the 1930s. Could both be right? It seems like the decline of the m3 money supply by one third...
    Posted to Economics Questions (Forum) by sherpup on Fri, Mar 23 2012
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