“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve System. 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.”

— Ben Bernanke

"Remarks by Governor Ben S. Bernanke at the Conference to Honor Milton Friedman, University of Chicago, Chicago, Illinois," http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/default.htm federalreserve.gov (2002-11-08) <br class="br">Commenting to Milton Friedman's public statement that the Great Depression was caused by the Federal Reserve Bank

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Ben Bernanke10

American economist 1953

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“I think you're a goddamn fourflusher talking through your hat, and I've already decided that I like the liberty I've got right here. The liberty to walk and see and hear and talk and eat and sleep with my girl. I think I like that liberty better than fighting for a lot of things we won't get and ending up without any liberty at all.”

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Context: No sir, anybody who went out and got into the front line trenches to fight for liberty was a goddamn fool and the guy who got him there was a liar. Next time anybody came gabbling to him about liberty — what did he mean next time? There wasn't going to be any next time for him. But the hell with that. If there could be a next time and somebody said "let's fight for liberty", he would say mister my life is important. I'm not a fool and when I swap my life for liberty I've got to know in advance what liberty is, and whose idea of liberty we're talking about and just how much of that liberty we're going to have. And what's more mister — are you as much interested in liberty as you want me to be? And maybe too much liberty will be as bad as too little liberty and I think you're a goddamn fourflusher talking through your hat, and I've already decided that I like the liberty I've got right here. The liberty to walk and see and hear and talk and eat and sleep with my girl. I think I like that liberty better than fighting for a lot of things we won't get and ending up without any liberty at all. Ending up dead and rotting before my life is even begun good or ending up like a side of beef. Thank you mister. You fight for liberty. Me, I don't care for some.

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“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve System. 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.”

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Ben Bernanke10

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