Spoken Mises

We've often heard that monetarists and Austrians agree that the government is to blame for the Great Depression. A deeper look, says Mateusz Machaj, shows that this is nothing but empty rhetoric. Here he debunks the popular view that Milton Friedman proved that the Great Depression was not a market failure and that Friedman made a very strong argument against interventionism.

(Original Text)

Friedman for Government Intervention: The Case of the Great Depression (1.56 MB)