Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Yosemitest

Lol!!

Gee, this sounds familiar, since it’s exactly what I told you that Friedman and Schwartz wrote in their “A Monetary History of the United States” and the lesson that Bernanke took from the book:

“In A Monetary History of the United States, Friedman argued that the economy was strong in the 1920s until the year 1929 when a typical economic downturn occurred.
He believed that the economic recession turned into a depression because the Federal Reserve did not print enough money between 1930 and 1933.
Friedman and Ben Bernanke essentially blame the Great Depression on the Federal Reserve’s failure to inflate the money supply.”

So you either don’t read posts, or you do and you haven’t the faintest idea what the words mean.

Apparently your problem is reading comprehension, or you would have noticed that your own citation makes exactly the same point that I had already made, and that both argue against your idea that Fed “intervention” caused the Depression when in fact their criticism is the opposite, that the Fed failed to intervene when they should have.


106 posted on 09/22/2019 5:44:04 PM PDT by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
[ Post Reply | Private Reply | To 85 | View Replies ]


To: Pelham
You're so full of crap that I can smell you from way down south.

The best thing we could do is abolish the Federal Reserve and go back to the Gold Standard.
Hell, even our change has no real money in it.
If you don't believe me, wave a handful of today's change at a metal detector at an airport, and see if it goes into alarm.

You don't give a damn about the debt we'll placing on our children with our National debt.
Where did you get your education, in grades one thru twelve ONLY ?
You probably believe all that communist B.S. the teachers in public school are shoving down your throat.

Why don't you go get a real education ?
107 posted on 09/22/2019 7:01:52 PM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
[ Post Reply | Private Reply | To 106 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson