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November 19, 2010

Milton Friedman Discusses the Great Depression and the Government's Role to Prolong It

Today's video is for those academics and intellectuals out there who believe that the government can do no wrong when it comes to treating recessions and depressions. Recently, former White House economist Christina Romer suggested that the recession in 1937-38 was caused by not having enough government spending. I submit to my readers, what was FDR's administration doing in the five years prior to this recession?

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