Monday, 9 March 2009

Today's Truth

"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. ... Roosevelt's policies were very destructive. Roosevelt's policies made the depression longer and worse than it otherwise would have been."

Milton Friedman - (1912-2006)
Nobel Prize-winning American economist, economic advisor to President Ronald Reagan

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