Here’s what my teacher Ben Bernanke told Milton Friedman on his 90th birthday:
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.
Don’t let Milton down, Ben!
READER COMMENTS
Kent Gatewood
Nov 18 2006 at 10:21am
So it was the Fed and not Smoot-Hawley?
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