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Contraction of the money supply as bank loans are paid off [...] Macroeconomists including Ben Bernanke, the current chairman of the U.S. Federal Reserve Bank, have revived the debt-deflation view of the Great Depression originated by Fisher.[31][32]
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Yes, at the moment certainly nobody can complain that the Fed allows the money supply to be contracted
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I'd rephrase that as: the economy is based on trust. Right or wrong, until the crisis broke out, the system was working not too bad (unless, as an individual, you indebted yourself too much). I'm pretty confident that somehow, one day, we'll wake up and notice the economy is picking up again. Similar to the crash of 1929. The US got out of that too, and why?
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No, it's not similar to 1929. In 1929 the economy wasn't as deregulated and globalized as it is now.
Additionally the numbers also show that the economy gets worse a lot faster than it did in 1929:
Adventure of Strategy: "A Tale of Two Depressions"