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The contraction of the money supply during the Depression was the fault of the Federal Reserve, not Hoover.

causalpending

Speaker

Eric Rauchway

Evidence Quote

“The Federal Reserve is Correct. uh at fault for that.”

Source

Eric Rauchway on the Great Depression and the New Deal 12/01/2008— EconTalk
Created: 6/17/2026, 10:09:28 AM

My Notes

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