Re: The Federal Reserve: Love it or Hate it
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what about all of the business cycles that occurred far before the advent of modern economic management or theory? think france in the 1500s-1600s or britain's feasts and famine when money was backed by gold before the increase in money supply of gold came from global exploration?
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Could you elaborate on what exactly happened in the 1500s? From what I've read it seem like a lot of cycles were caused by all the wars that were going on during that time period.
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