There are differences of opinion on what is the cause and the effect [1]. There were deeper reasons for the deflation and by cutting production and preventing d

There are differences of opinion on what is the cause and the effect [1]. There were deeper reasons for the deflation and by cutting production and preventing deflation, it made it much more difficult for small businesses and individuals to buy food or continue business. That benefited large corporations at the expense of the smaller ones. The government taxed the poor, then subsidized farmers to stop producing, which made the food more expensive which further hobbled the poor. The Fed benefits banks and the wealthy. Inflation and increasing money supply makes labor cheaper for businesses and hurts those on fixed salary or wage by decreasing the real value of wages over time. [1] https://mises.org/library/how-fdr-made-depression-worse https://mises.org/library/how-fdr-made-depression-worse