Indeependent
Diamond Member
- Nov 19, 2013
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One of Milton's last YouTube videos.Milton Friedman...The Great Depression was caused by excessive off-shore investment.Conservatism is great when you want to lose weight.
Hmmm, no. Liberalism causes starvation, not the free
Of course, the a$$hat blamed it on the Feds not doing Quantitative Easing quickly enough.
"Excessive offshore investment?" Where did you learn this lame-assed theory? I'm not aware of any economist who adheres to such a theory. One thing is certain, inflating the money supply by the Federal Reserve created a credit bubble that caused the panic if 1929 when it collapsed.
Search YouTube for "Milton Friedman Great Depression"...Watch, listen and weep.
Milton never claimed the excessive offshore investment caused the depression.
I apologize...you're right.
He blamed the Federal Government for not bailing out the banks.