Friedman: The Great Depression Caused by the Government

Milton Friedman (Public Domain photo)
Milton Friedman

FREE ENTERPRISE ZONE, FUNDAMENTAL PRINCIPLES

Milton Friedman, 1962

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


Source: Milton Friedman, Capitalism and Freedom, 1962


Free Enterprise Zone’s Fundamental Principles is researched, compiled, and edited (with occasional commentary) by Steve Farrell, Founder and Editor In Chief of The Moral Liberal.


The Moral Liberal recommends Milton and Rose Friedman’s Free to Choose: A Personal Statement