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

To: hubbubhubbub
Are you nuts? The "money supply" doesn't magically appear: the Fed has to order the dollars by monetizing the debt. It didn't. But the evidence is overwhelming---not theory---EVIDENCE---that this did not happen.

You really don't understand this at all, do you? We had foreign trade balances where governments made payments to us to cover the debt in securities. Again, this did not automatically result in "more dollars." It would only do so if the Comptroller printed up more money, which did not happen.

Wrong. You have no evidence, only some crackpot theory that there was a stock market bubble. Find some evidence. Find some actual studies that support anything you say.

4) You agree with me. Thank you. That's exactly what I said in the whole post: the Fed did NOT keep up the money supply. Since you want to cite Econ 101, find me ANY measure of the money supply in the 1920s. You'll see they all fell; that prices fell steadily---not just after 1928. In fact, they fell since 1920, by a lot.

As for your notion about "big money" guys somehow getting off scott free, guess that didn't apply to Samuel Insull or thousands of other millionaires who lost everything.

8 posted on 12/08/2005 3:31:30 PM PST by LS
[ Post Reply | Private Reply | To 6 | View Replies ]


To: LS

Fellow crackpot. Quit your stammering and spouting and engage your brain.

My sources are Rothbard (America's Great Depression), Reed (Great Myths of Great Depression) and Friedman/Schwartz (Monetary History of the U.S.) What are yours??


19 posted on 12/09/2005 5:44:11 AM PST by hubbubhubbub
[ Post Reply | Private Reply | To 8 | 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