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The government persisted with the failed policies, lengthening and deepening the Depression. Central economic planning simply never is able to do better than free market forces.



That's not really true. Just because central planning be done stupidly doesn't mean it never works. Check out the number of countries that don't have something like a central bank stabilizing their currency which is approx zero out of 200 or so countries.


The US was stable for over 100 years without a central bank.

The reason countries have a central bank is so they can inflate the currency.


For all the folks who don't believe me, the term "sound as a dollar" was a common compliment in the US before 1914.

You never hear it anymore.




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