1930s Quote by Ben Bernanke

The Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over in 1931…

— Milton Friedman

The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one…

— Milton Friedman

The stock market crashed in October 1929. But that was not the cause of what caused the Great Depression. It was, in my opinion,…

— Milton Friedman

The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe.…

— Milton Friedman

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as…

— Milton Friedman

We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't…

— Lloyd Blankfein

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would…

— Milton Friedman

“The accepted version of history is that the Federal Reserve was created to stabilize our economy. One of the most widely-used textbooks on this…

— G. Edward Griffin

In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no…

— Herbert Hoover

The 1930s had been a time of tremendous economic distress. And the unemployment rate was enormously high by any historic standard.

— William O'Neill

“The Federal Reserve System had been established to prevent what actually happened. It was set up to avoid a situation in which you would…

— Alan Ebenstein

“Starting in 1792 with George Washington, there were financial crises every ten to fifteen years. Panics, bank runs, credit freezes, crashes, depressions. People lost…

— Elizabeth Warren