Replying to Avatar Toxic Bitcoiner

Funny coming from Milton, who would have had the Fed, a particular group of people, print *more* money to “prevent” the Great Depression. The more I hear from him, the more I see how inconsistent he and the Chicago school are, Keynesian lite.
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m4dire0701 1y ago

Yeah, Milton and Chicago school are very contradictory

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doublebubble 1y ago

My understanding is that Friedman's theory on the Great Depression was a kind of exception to his rule. He said that the Fed caused the depression in the the first place by tightening too much. Therefore, it was only fair that the Fed should intervene to fix the problem