tag:blogger.com,1999:blog-7225373.post1948810981965996174..comments2024-02-29T03:34:23.190-05:00Comments on Who Were the Sea Peoples?: What Caused the Great Depression?gcallahhttp://www.blogger.com/profile/10065877215969589482noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7225373.post-83148368254357706122016-05-24T14:25:29.163-04:002016-05-24T14:25:29.163-04:00"I thought this was widely accepted?"
I..."I thought this was widely accepted?"<br /><br />I don't say it isn't! But I just learned it from Sumner.gcallahhttps://www.blogger.com/profile/10065877215969589482noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-6388975355527285712016-05-24T01:32:12.119-04:002016-05-24T01:32:12.119-04:00I thought this was widely accepted? Their hoarding...I thought this was widely accepted? Their hoarding of gold and refusal to devalue caused a large contraction in the global money supply. <br /><br />Or perhaps, you could argue that there extreme experiment in defending their gold reserves discredited a rigid gold standard, moving that theory more quickly into the dustbin of history (for the most part...), thus raising the rate and steadiness of growth in the long run, at the expense of the 1930's depression (and arguably, a world war). But it's complicated, right? DKennyhttps://www.blogger.com/profile/05250596612594579491noreply@blogger.com