Are you really linking the Great Depression to fiat money when the Great Depression occured while the dollar was still on the gold standard? And there was no «

Are you really linking the Great Depression to fiat money when the Great Depression occured while the dollar was still on the gold standard? And there was no «persistent mild deflation» in the 19th century; there were massive swings in value: http://upload.wikimedia.org/wikipedia/commons/2/20/US_Historical_Inflation_Ancient.svg http://upload.wikimedia.org/wikipedia/commons/2/20/US_Histor...