Business Quote by 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

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 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 miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.

— James Tobin

Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential…

— Thomas Woods

The financial catastrophe of 2008 nearly precipitated a calamitous economic depression, jolting America and much of the West into a sudden recognition of their…

— Zbigniew Brzezinski

“an absurdly parsimonious monetary policy helped bring about the Great Depression.”

— Charles River Editors

“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

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 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

The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or…

— Benjamin Graham

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