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deflation during the great depression pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures
Thomas Sowell's analysis of the Great Depression illuminates the interplay between deflation, the scramble for gold, and the economic downturn. As economies contracted, prices fell leading to deflation, fueling a panic over the value of gold. This scramble for gold further exacerbated the Depression, leading to a vicious cycle of declining demand and economic stagnation.

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