Changed Quote by Edward C. Prescott

In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.

— Edward C. Prescott

I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a…

— Milton Friedman

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private…

— Milton Friedman

A depression is a large-scale decline in production and trade...there is nothing in the nature of a free-market economy to cause such an event.

— Nathaniel Branden

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

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

— William O'Neill

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 crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned…

— Lucy Moore

When I was born, the economy wasn't in a great state; it was the Depression, and my father had to be quick to try…

— Clint Eastwood

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

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

— Ludwig von Mises

My father had a couple of kids at the beginning of the Depression. There was not much employment. Not much welfare. People barely got…

— Clint Eastwood