What Would Milton Friedman Have Thought of the Great Recession

Milton Friedman died in , right before the onset of the Great Recession. Unfortunately, we will never know how Friedman would have interpreted this event. However, we can draw some inferences from his published views on the Great Depression, as well as his views on more recent monetary policy, especially in Japan. It seems likely that Friedman would have blamed the Fed for insufficiently expansionary monetary policy during 2008 and 2009, a view that is quite different from the conventional conservative interpretation of events

Economics · Great Depression · Great recession · Interpretation (philosophy) · Keynesian economics · Monetary policy · Political science · Positive economics · Recession · Economic Theory and Policy · Global Financial Crisis and Policies · Law · Monetary Policy and Economic Impact · Philosophy

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• It's Baaack

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• A Monetary History of the United States, 1867-1960

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• Why Does the Economy Fall to Pieces after a Financial Crisis

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