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Bernanke’s Philosopher external link

Reason Online | by Penn Bullock | Tue, Nov 17

In response, Bernanke repeated the lesson of The Great Contraction: “Milton Friedman’s view was that the cause of the Great Depression was the failure of the Federal Reserve to avoid excessively tight monetary policy in the early ’30s. That was Friedman and Schwartz’s famous book. With t...

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