Sunday, July 27, 2008

Free to Choose 1980 - Volume 3: Anatomy of a Crisis


 
Topic: What caused the Great Depression, and how future depressions can be avoided

The Great Depression has been popularly viewed as a failure of capitalism. The stock market crash, the failure of the Bank of the United States, loss of personal savings, were visible symbols supporting this belief. As Friedman explains, the real cause was the unseen failure of government policy and action. Yet this crisis resulting from government failure leads to decades of government expansion.

   
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