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Irving Fisher

“Those who do not see that the crux of a great depression is usually lack of money fall into another fallacy. They confuse abundance or scarcity of money with abundance or scarcity of money to lend.”

Obra: 100% Money. CHAPTER X UNJUSTIFIED IDEAS IN BUSINESS AND BANKING. Confusing Money and Money to Lend. Adelphi Company, 1936, New York. De Irving Fisher (EUA/Nova Iorque, 1867-1947).

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