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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (101259)2/13/2009 4:02:40 PM
From: Hawkmoon  Respond to of 110194
 
So how much more exponential would credit growth have needed to become in the late 1920s to achieve Friedman's idea of "stability"?

Good question..

How much debt default (money destruction) was required to achieve stability?

Hawk