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)
Tuesday, April 01, 2008
QOTD
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:
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