“The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of a country.”

—  Milton Friedman

Source: (1962), Ch. 3 The Control of Money, p. 50

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Milton Friedman photo
Milton Friedman 158
American economist, statistician, and writer 1912–2006

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