CB -
I can't post charts yet but if you look at the appendices in Friedman & Schwartz's A Monetary History of the United States, for the time frame I am looking at, 1929-1930, there was no significant decline in the money supply....
Look at Rothbard, AGD, TABLE 1,column (8) on page 92.
The rate of growth in the total money supply collapsed as of Jun 30, 1929.
See the discussion on page 116,and work backwards, if desired. -
"... The great boom of the 1920s was now over, and the Great Depression had begun. The country, however, did not really discover the change until the stock market finally crashed in October...."
Regards, Don |
