Tuesday, April 01, 2008


Federal Reserve Board Chair Ben Bernanke on what caused the 1929 crash, speaking at a 2002 testimonial to mark economist Milton Friedman's 90th birthday:
Regarding the Great Depression, you were right. We [the Federal Reserve Board] did it. We're very sorry. But thanks to you, we won't do it again.
(via James Piereson in the March 31st Weekly Standard)

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