Re: What is Money anyway?
well it was a trick question i mean statement actually the fed admitted they caused the depression by tightening money when they should have done what u suggested and loosened up money supply. from off top of my head, fed didnt start loosening up until late 30s at the earliest but i may be wrong about that.
federal reserve was established 1913.
p.s. i think bernake or some fed governor in an interview said feds mishandling of monetary policy caused or greatly contribiuted/prolonged the depression.
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