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The Collapse of Real Savings Caused the Great Depression
Manage episode 428545294 series 2663738
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.
Original Article: The Collapse of Real Savings Caused the Great Depression
1489 episodes
Manage episode 428545294 series 2663738
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.
Original Article: The Collapse of Real Savings Caused the Great Depression
1489 episodes
All episodes
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