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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Tommaso who wrote (71781)10/12/2006 4:15:50 PM
From: bart13  Read Replies (1) of 110194
 

As far as I know, you are completely alone in denying that gold and the gold standard had any appreciable effect on the money supply of the United States in the period 1878-1933.


As far as I know, you are completely alone in thinking that has anything to do with my original points about the lack of relationship between the gold and money supply after 1933, which is what originally started this thread.

The correlation between gold and the money supply from 1913 to 1933 was tenuous at best, as you noted about the WWI period and as I add about periods like the huge growth in 1919-20, the drops in 1920-21, the large growth of the various elements on money supply and credit from 1922-25 and the huge drops in money supply and credit starting in about 1928 and ceasing in 1932.
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