Lawrence White corrects Friedman, Bernanke, DeLong, et. al., on Hayek’s and Robbin’s roles during the Great Depression.
Posts Tagged ‘Friedman’
Neither Keynes nor Friedman
The Federal Reserve did try to bailout banks during the Great Depression, Hoover did outspend every prior president in an attempt to stimulate the economy and no recession is caused by a drop in aggregate demand. These are Keynesian myths.
