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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (478840)3/27/2012 9:05:39 AM
From: DMaA  Read Replies (2) of 793845
 
This classical gold standard can have played no part in the Great Depression

That's misleading. The Fed deliberately drained money out of the system with the express goal to bring down the price of gold to some arbitrary pre WWI level. This directly lead to the initial recession.
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