Milton Friedman Explains the Great Depression

Published November 5, 2020

The Great Depression created the perception that the government should continually stabilize the economy. As a result, the power of government has grown enormously. But we now know that government policies extended and intensified the Great Depression.

Discussion Questions

  1. Why did the government grow so rapidly during the depression?
  2. Did the government intervention stabilize the economy?

Additional Resources

  • Watch as Milton Friedman explains the Great Depression. Available here.

Cast

Milton Friedman

Milton Friedman

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