You are viewing a single comment's thread from:
RE: Why Bringing Back The Gold Standard Is Not The Solution To Current Day Economic Problems
Wasn't it the FED who artificially kept rates high before the Great Depression?
Wasn't it the FED who artificially kept rates high before the Great Depression?
Yes they did in the beginning to stop rampant speculation on the stock market, but couldnt bring the rates back down when the gold price went through the roof during the worst part of the depression.