MILTON FRIEDMAN: We have to distinguish what we mean when we talk about the Great Depression. What you had was that in 1929 the United States was in a boom. It hit a relative high point.

Still, the monetarist interpretation of the Great Depression was not entirely forgotten. In a speech during a celebration of Milton Friedman’s 90th birthday in late 2002, then-Fed governor Ben S.

Tova Friedman has the demeanor of someone with little time to waste. There's an economy to her words, but the directness with which she speaks doesn't in any way minimize the power of her message ...

Still, the monetarist interpretation of the Great Depression was not entirely forgotten. In a speech during a celebration of Milton Friedman’s 90th birthday in late 2002, then–Fed governor Ben S.

Milton Friedman, the best-known proponent of monetarism ... Schwartz championed monetarism and argued that the disastrous Great Depression of the 1930s came about as a result of poorly conjured ...

Milton Friedman first aspired to become an insurance actuary. Despite his early love of mathematics, he failed several exams, however. With the onset of the Great Depression, he turned his ...