Zeev's Turnips Patch-No Politics (ZEEV)

[schloss_1]

Elroy-

<<1. are you aware that banks had excess reserves equal to one fourth of the GNP during the depression and very little money was being demanded as loans from the banks?>>

You have inadvertantly proved my point. People were too scared to spend money during the Great Depression in the US and thus could not be brought to kindle inflation.

I admit that I do not know Germany's history well enough to even comment on the inflation that ocurred there during the 30s, as you have stated. I suspect this may not be entirely accurate because all countries are afraid of repreating events of their past. We are scared to death of another Depression and Germany trembles at thoughts of the Weimar Republic's hyper-inflation of 1922-23. Nonetheless, you may know something that I do not. I will have to research it.

schloss