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To: Ilaine who wrote (81607)3/16/2001 3:00:11 PM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
Do you think a currency tie to gold, and germany's draw of existing stocks aggravated the decline, based on what you've learned thus far?

If so, would this lend support to the idea that the inability to expand the money supply can restrain economic growth below what is sustainable?



To: Ilaine who wrote (81607)3/16/2001 3:13:37 PM
From: flatsville  Read Replies (1) | Respond to of 436258
 
Joe Kennedy went short during the summer of 1929 because he recognized a dangerous contraction in the money supply...or so I've heard. What he saw exactly has never been identified in any of the reading I've done.