re: Debunking wild conspiricies

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The Fed was a completely different monster in 1913 compared to 1933 (well technically 1935/1942). The FOMC didn't even exist.

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But, they did expand the money supply in the 20s (largely due to an agreement with the Bank of England)

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Please provide statistics here.

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I don't think it's very controversial statement, even though it's tough to get accurate GDP or other aggregate data from back then. Both sides of the argument seem to agree that economy grew fairly consistently during the period.

LINK

This paper argues that the growth was due more to charter banking than free banking. Scroll to the end for the regressions using data on manufacturing capital growth and farm capital growth. (Farm capital actually shrinks but manufacturing capital grows at a much larger rate, which most would agree was a good sign for the modernization of the economy.)

My god, how did we get this esoteric in a conspiracy theory thread?