MILTON FRIEDMAN: We have to distinguish what we mean when we talk about the Great Depression. What you had was that in 1929 the United States was in a boom. It hit a relative high point.

Still, the monetarist interpretation of the Great Depression was not entirely forgotten. In a speech during a celebration of Milton Friedman’s 90th birthday in late 2002, then-Fed governor Ben S.

The Great Depression resulted from a multitude of ... However, a groundbreaking 1963 study by economists Milton Friedman and Anna Schwartz revealed that the Fed's monetary policy was largely ...

Opinions expressed by Forbes Contributors are their own. In a video that’s gone viral, the late Milton Friedman correctly asserts about inflation that “consumers don’t produce it,” and ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Milton Friedman first aspired to become an insurance actuary. Despite his early love of mathematics, he failed several exams, however. With the onset of the Great Depression, he turned his ...