[cboyack]

I’m working through Rothbard’s “America’s Great Depression” and have been plugging along until he got to the inflationary policies of the Federal Reserve in the 20’s. Specifically, I have kind of gotten bogged down with the definitions in the controlled and uncontrolled factors he mentions (for instance, Bills Bought, Bills Discounted, etc). While I’ve figured some of it out, is there a decent guide that gives definitions of the different factors in the money supply? Thanks.

[jmherbener]

Take a look at Joe Salerno’s articles in his debate with Richard Timberlake:

http://www.fee.org/the_freeman/detail/money-and-gold-in-the-1920s-and-1930s-an-austrian-view#axzz2OH1PFYtb

http://www.thefreemanonline.org/featured/inflation-and-money-a-reply-to-timberlake/

If it is still unclear, you might consult Timberlake’s articles in the debate.

[cboyack]

Thanks!

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