Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money
Bob Murphy Show
00:00
The Money Supply Collapsed in the Early Twenties
The money supply collapsed in the early thirties when people panicked and they were withdrawing their money from the banks cause they feared bank failures. Even though the fed was pumping in money on its end, it was not enough to offset what happened. And so m one contracted by like a third, i think.
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