See what this means? Means they’ve contracted credit and thereby have contraced the money supply – WHICH IS EVERYTHING
The crash of 1929 did NOT cause the Great Depression. The contraction of money and credit by the central banks,
Read moreThe crash of 1929 did NOT cause the Great Depression. The contraction of money and credit by the central banks,
Read moreAs units of money slow down, so do goods and services everywhere. Combined with contraction of credit, you have a
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