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tell the story of, money inflation and public debt as enduring (and perhaps endearing) features of American life, rather … Americans The gradual result of the situation we find ourselves in will inevitably lead to inflation, loss of economic … Inflation -- The Panic of 1873 -- Gold Convertibility Restored -- The Battle Over Silver Money -- A Changing American Dream …
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The first monetary theory of the Great Depression is often credited to Milton Friedman. Advanced to counter the idea that the Great Depression resulted from inherent capitalistic instabilities, Friedman's theory attributed the Depression to policy mistakes by an inept Federal Reserve Board. More...
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This chapter compares alternative explanations of the Great Depression: the Monetarist explanation of (Friedman and Schwartz,.A Monetary History of the United States, 1867-1960, Princeton University Press, 1963), the Austrian explanation of Hayek and (Robbins,.The Great Depression, Macmillan,...
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The "Argentine disappointment"—why Argentina persistently failed to achieve sustained economic stability during the twentieth century—is an issue that has mystified scholars for decades. In Straining the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that...
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