Milton Friedman Myth of Great Depression

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Milton Friedman’s perspective on the Great Depression is significant. He, along with Anna Schwartz, co-authored “A Monetary History of the United States, 1867-1960,” which challenged the prevailing narrative about the event’s causes. Here are the key points of Friedman’s “myth”: Central Role of the Federal Reserve: Friedman argues that the Federal Reserve’s actions were the […]

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