There Is No Person, No

The Great Depression In The United States Was Caused - I Won't Say Caused, Was Enormously Intensified And Made Far Worse Than It Would Have Been By Bad Monetary Policy.

The Government Solution To A Problem Is Usually As Bad As The Problem.

. . I Think The Adam Smith Role Was Played In This Cycle I.e. The Late Twentieth Century Collapse Of Socialism In Which The Idea Of Free-markets Succeeded First, And Then Special Events Catalyzed A Complete Change Of Socio-political Policy In Countries Around The World By Friedrich Hayek's The Road To Serfdom.

The Black Market Was A Way Of Getting Around Government Controls. It Was A Way Of Enabling The Free Market To Work. It Was A Way Of Opening Up, Enabling People.

Rapid Increases In The Quantity Of Money Produce Inflation. Sharp Decreases Produce Depression.