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Pastimes : Ask Mohan about the Market
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To: George Acton who wrote (11649)12/17/1997 11:18:00 AM
From: Mike M2  Read Replies (1) of 18056
 
George, there are several economic perspectives on the causes of the Great Depression.In my opinion, the Austrian view makes the most sense the bust was the inevitable result of a boom created by inflation of money and credit which creates malinvestments and maladjustments in the economy. In todays world we see that easy money has created overinvestment in Japan and SE Asia and overconsumption in the US. I do not believe that the bust can be prevented. Mike
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