The Great Depression was the deepest and longest economic ... according to monetarists such as Milton Friedman and acknowledged by former Federal Reserve Chair Ben Bernanke. The Fed was created ...

He arrived at graduate school in 1932, the worst year of the Great Depression. Friedman couldn’t avoid the fundamental questions of the age: Could capitalism guarantee broad prosperity ...

We're very sorry. But thanks to you, we won't do it again," Bernanke said in an address during Friedman's 90th birthday. Federal Reserve's mistakes during the Great Depression contributed to the ...

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.

Dr. Burns is an associate professor of history at Stanford who studies American politics, economic thought and capitalism. She is the author of the forthcoming book “Milton Friedman: The Last ...

There are also fears that the tariffs could trigger an economic downturn reminiscent of the Great Depression nearly a century ago. The Great Depression was a catastrophic economic downturn that ...

WASHINGTON — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American ...