~:~ It is the FED who cause the crisis. Instead

shrink the money supply, the money supply was too lose to lead 1929 crisis. Same as today.

This guy need to do his due course research by looking at FED numbers.

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Helicopter Benanke gets the same idea - too little money -daysofreckoning- 给 daysofreckoning 发送悄悄话 (23 bytes) () 03/03/2009 postreply 13:26:00

对,货币与黄金挂钩,彻底限制了货币供应量. --j4- 给 -j4 发送悄悄话 -j4 的博客首页 (0 bytes) () 03/03/2009 postreply 13:36:23

What is wrong with 限制了货币供应量? -daysofreckoning- 给 daysofreckoning 发送悄悄话 (332 bytes) () 03/03/2009 postreply 17:02:44

If everything will be cheaper tomorrow, people -729418- 给 729418 发送悄悄话 729418 的博客首页 (67 bytes) () 03/03/2009 postreply 18:21:18

Exactly that is the point. Deflation makes people save. -daysofreckoning- 给 daysofreckoning 发送悄悄话 (537 bytes) () 03/03/2009 postreply 18:32:49

There were about one crisis every seven years -729418- 给 729418 发送悄悄话 729418 的博客首页 (449 bytes) () 03/03/2009 postreply 18:52:33

I wonder where you get the facts. ~:~ -daysofreckoning- 给 daysofreckoning 发送悄悄话 (184 bytes) () 03/03/2009 postreply 21:08:05

The first facts are from wiki, gold standard is no cure for -729418- 给 729418 发送悄悄话 729418 的博客首页 (135 bytes) () 03/04/2009 postreply 07:18:39

Got to read in detail. Gold standard does not cure -daysofreckoning- 给 daysofreckoning 发送悄悄话 (194 bytes) () 03/04/2009 postreply 10:07:35

By the way, not all speculations are bad, it can speed up -729418- 给 729418 发送悄悄话 729418 的博客首页 (183 bytes) () 03/04/2009 postreply 10:26:41

By the way, Deflation Spiral is the word Wall Street used -daysofreckoning- 给 daysofreckoning 发送悄悄话 (572 bytes) () 03/03/2009 postreply 18:54:08

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