Did The Government Deliberately Cause The Great Depression?


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This is Milton Friedman describing the role of government in the Great Depression. It comes from a much larger documentary.

The causes of the great depression:
The Federal Reserve
Fractional reserve
Absence of Gold Standard

Video credits to adm1ackbar YouTube channel





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    Did The Government Deliberately Cause The Great Depression?

    Comments 1

    1. They (those in control of the monetary system at the time) were able to create the depression (a period of severely reduced economic activity) by DECREASING THE MONEY SUPPLY. That is, they took money OUT of circulation, and the economy suffered as a result. This is a well known fact and a VERY predictable outcome. It's just like that Persian king (Darius, Cyrus?) of old who defeated Babylon by daming the river into the city and "starving" the citizens of an essential resourse.

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