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To: Crucial

“Tariffs and taxes caused the Great Depression.”

No, not so.

The Great Depression was caused by an enormous debt deflation which halved the worldwide capital stock.


24 posted on 12/22/2016 8:35:19 PM PST by Mariner (War Criminal #18)
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To: Mariner

And don’t forget the death of Benjamin Strong!


145 posted on 12/23/2016 3:52:49 PM PST by Maine Mariner
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