Jon Herrman The Los AngeIes Tribune News

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In any full case, they elevated interest rates way too very much and brought the economy, according to Friedman-Schwartz, to a halt and linked with all the other factors going on, a sharp, devastating depression ensued that arranged several documents that nevertheless remain nowadays. Economists finally began to understand what fundamentally went the company series and how to much better mitigate its ups and downs thus while to prevent the overall economy from ever again from hurting from manic-depression, while it all had former to 1940; Keynesian economics has been America’s lithium.

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