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Hetzel Withholds Credit from Hawtrey for his Monetary Explanation of the Great Depression | Uneasy Money
https://uneasymoney.com/2023/12/13/hetzel-withholds-credit-from-hawtrey-for-his-monetary-explanation-of-the-great-depression/
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Tagged with:
monetary policy
great depression
monetarism
milton friedman
gold standard
r. g. hawtrey
robert hetzel
bank of france
gustav cassel
irving fisher
barry eichengreen
douglas irwin
h. clark johnson
peter temin
scott sumner
In my previous post, I explained how the real-bills doctrine originally espoused by Adam Smith was later misunderstood and misapplied as a policy guide for central banking, not, as Smith understood…
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