A Monetarist’s explanation of the cause of Great Depression


Milton Friedman gives his explanation of the cause of the Great Depression

Video credits to TheMiddleGround YouTube channel





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    A Monetarist’s explanation of the cause of Great Depression

    Comments 4

    1. I wish milton friedman was still alive to see what the fed is doing now. It would be interesting to hear his opinion on quantitative easing and 0% interest rates.

    2. btw the shit economy you are living in now is because of this person Milton Friedman. he was an advisor to Reagan and since him become president we have become what you know as shrinking middle class and unregulated Industry and unstable economy which caused 2008 crash. now we are almost back in to 1800 were there was no such thing as middle class. fucker died right before the 2008 crash. shit face should have lived a bit longer so he could experience his way of doing business.

    3. Instead of banks simply closing and immediately causing the economy to become unstable, It's more likely that the structure of the economy had already been unsound, and that the causes of the bank failures were merely symptoms of that unsoundness.

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