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<p>[QUOTE=&quot;GoldFinger1969, post: 26106480, member: 73489&quot;]<b>Wages and prices were flexible up to WW I.</b>&nbsp; They have NOT been since, which is what the Federal Reserve System was designed to counteract.</p><p><br /></p><p>I have done extensive readings on the history of the Gold Standard...how it worked...how it DIDN&#039;T work...The Great Depression....etc.</p><p><br /></p><p>Lots of new research including the role of French Central Bank and French people hoarding being a newly discovered factor in the 1920&#039;s and 1930&#039;s global economy.&nbsp; <b>Check out Barry Eichengreen&#039;s stuff.</b>[/QUOTE]</p><p><br /></p>

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