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Sweet Jeebus, that's some chart!

Krugman. The second one.

Forget Krugman's sweet takedown of Uncle Miltie's crackpot notion that monetary policy caused the Great Depression, and look at chart 2: Where'd the money go? Because it sure isn't being loaned out again. So, where is it?

UPDATE I tried to ask the same question on Krugman's blog, but I didn't make it through moderation. OK, it's a dumb question, then, but why?

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