A Quote by Milton Friedman

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.

Milton Friedman

Quote Topics

Bad Been Caused Depression Far Great Great Depression Made Monetary Monetary Policy Policy Say States Than United United States Worse Would

Quote Author

Milton Friedman
American - Economist
July 31, 1912 - November 16, 2006

We can't say that when x happens we get a mass extinction. To the extent we understand mass extinction, one has been caused by glaciation event, one has been caused by a massive climate change, and one has been caused by an asteroid. These events turn out to have no precedent.

Elizabeth Kolbert

If you listen to the political discourse in America today, you would think that all our problems have been caused by the Mexicans of the Chinese or the Muslims. The reality is that we have caused our own problems. Whatever has happened has been caused by isolating ourselves or blaming others.

Fareed Zakaria

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

Nigel Farage

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

Ron Paul

The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.

Milton Friedman

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

Milton Friedman

Most emissions aren't caused by individuals, they're caused by corporations and states.

Greta Thunburg

The voice was low and tinged with a hint of Scotland. It would have caused Alexia to shiver and think primal monkey thoughts about moons and running far and fast, if she'd had a soul. Instead it caused her to sigh in exasperation and sit up.

Gail Carriger

We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years.

John Bright

There were people whom I considered friends or loved ones who either abandoned me or betrayed me in ways I'd never have suspected. But there were others who had been barely acquaintances of mine whose loyalty and efforts on my behalf made me realize that not everyone was as inherently rotten as I'd previously believed. So it caused a violent split in my view of humanity - people turned out to be far worse and far better than I'd ever dreamed possible.

Jim Goad

If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.

Austan Goolsbee

Debt is not caused by spending, it is caused by buying things that you don't pay for. Or, it's caused by cutting revenues that you don't offset ... by cuts in spending.

Steny Hoyer

The Afghansti have caused a great many people a great deal of grief and have themselves suffered - for a lie, let us not forget - the same ways we in the United States have caused much suffering in Southeast Asia, and have also suffered much in return, also for a lie. It was no small betrayal, no small lesson for a man to learn at the age of 19. Any soldier returning home must rediscover his humanity and establish a livable peace with the discovered, liberated, permanently dark places in his own heart -the darkness that is always with us.

Larry Heinemann

This new war, like the previous one, would be a test of the power of machines against people and places; whatever its causes and justifications, it would make the world worse. This was true of that new war, and it has been true of every new war since... I knew too that this new war was not even new but was only the old one come again. And what caused it? It was caused, I thought, by people failing to love one another, failing to love their enemies.

Wendell Berry

[It was] the poverty caused by the bad influence of the English bankers on the Parliament which has caused in the colonies hatred of the English and . . . the Revolutionary War.