Reply To: Monetarist view of the Great Depression


thanks for all the links. That was what struck me about debt deflation. It seemed to me that it must be caused by something and is merely a symptom of the underlying credit expansion and I did not see how it would be legitimate for a central bank to “meet demand” for holding money if it is the same central bank that caused problems in the first place

I think I have a good handle on (at least the basics) of Austrian business cycle theory, I would really like to get into some more specifics and down in the depths of macro theory.