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Milton Friedman explains what happened during the great depression and what the role of the federal reserve is during economic ups and downs. This is from a 10 hour documentary series
A short read and better contrast to Milton's interpretation of deflation from an Austrian as opposed to a Monetarist perspective:
ReplyDeletemises.org/books/deflationandliberty.pdf
A short read and better contrast to Milton's interpretation of deflation from an Austrian as opposed to a Monetarist perspective:
ReplyDeletemises.org/books/deflationandliberty.pdf