“Dissenters and critics of Keynesian policies have argued that markets can restore employment better through the normal adjustment processes than government intervention can. But neither Keynesian economists nor economists of the rival Chicago School represented by Milton Friedman have advocated the kind of ad hoc government interventions in markets actually followed by both the Republican administration of Herbert Hoover and the Democratic administration of Franklin D. Roosevelt during the Great Depression of the 1930s.”
— Basic Economics by #ThomasSowell