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> Because if you expect the value of your cash to rise, you would probably hold onto your cash.

Right, that's why the computer industry doesn't make any money.

> This, again, happened during the Great Depression

Yes. A large part of what made the Great Depression last much longer than the Depression of 1920-1921 was that insolvent businesses were given money instead of being allowed to fail. One might compare this to recent events, and have a look at the present employment rate of the U.S. population: http://market-ticker.org/akcs-www?get_gallerynr=1631



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