Bernanke to Friedman

Bryan Caplan

By Bryan Caplan, Nov 17 2006

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!

Jane Galt raises a great question: [H]ow bad would something have to be before I would challenge it? I have, on occasion taken stands against bigotry that were potentially dangerous to myself--telling my project manager, for example, that his racist remarks were wrong, and that I wouldn't stand for hearing them. [......

Nov 18 2006

Political Economy

On Milton Friedman

Arnold Kling

Brad DeLong writes, Friedman was a pragmatic libertarian. He believed that -- as an empirical matter -- giving individuals freedom and letting them coordinate their actions by buying and selling on markets would produce the best results. It was not that he thought this was a natural law. He didn't believe that markets...

Nov 17 2006

Macroeconomics

Bernanke to Friedman

Bryan Caplan

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 w...

Bernanke to Friedman

Bryan Caplan

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