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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (80767)6/28/2008 5:16:11 AM
From: Joe Btfsplk  Read Replies (1) of 116555
 
Mish, I tend to pay attention to what you write, so wonder if you'd explore this a little further.

Long time since I read the tome in question, but I recall an excessive expansion, followed by a severe contraction that was exacerbated by a tightening in reserves in '37.

Friedman and Schwarz's thesis dovetails with a lot of Austrian analysis, though differed in prescription (better fiat management vs gold).

Anna Schwarz recently blistered Greenspan and Bernanke, confirming your statement about "the unwarranted credit boom that preceded it".

Anyway, I wonder if you can point me to comparative analysis that backs your contention that they came to a hopelessly wrong conclusion.
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