why deflation would be a disaster , page-46

  1. 11,522 Posts.

    Nope, if Citigroup had gone bankrupt, unemployment would be 30%+.


    Reason why CBs are segregated from Treasury is so that money printing isn't abused.


    Giant bubbles and busts were created in 19th Century US, eg check 1830s as well as others.


 
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