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It can only be redistributed.


Recessions and depressions are caused when the money stops being redistributed, not because it's mysteriously vanished.


How do you explain the current crisis in the credit industry that happened because the value of credit lines backed by assests, such as houses mysteriously went down in value. You could argue that it wasn't really "mysterious" and that anyone should have seen the subprime crisis coming, but apparently Wall Street wasn't reading all of the hundreds of housing bubble blogs created in the last few years..