Back in 2002, current Federal Reserve chairman Ben Bernanke made a - TopicsExpress

Back in 2002, current Federal Reserve chairman Ben Bernanke made a speech in honour of monetarist economist, Milton Friedman on the occasion of his 90th birthday. Bernanke praised the work of Friedman and his colleague Anna Schwartz. Their seminal work (A Monetary History of the United States, 1867–1960) argued that the Great Depression of 1929-33 was caused by the bad decisions of the Federal Reserve.

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