After 2008 happened
by AquinasDomer (2024-01-16 19:47:03)

In reply to: “Regarding the Great Depression, … we did it. We’re very...  posted by EricCartman

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I think he reconsidered whether the Friedmanite explanation was correct.

But if you read Golden Fetters you'll see that the fed did what they did after the stock market crashed because of the constraints of the Gold Standard. And once they figured that out they needed to run a budget deficit.

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