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Ben Bernanke versus Milton Friedman: The Federal Reserve’s Emergence as the U.S. Economy’s Central Planner
By Jeffrey Rogers Hummel
This article appeared in the Spring 2011 issue of The Independent Review


Abstract

Chairman Bernanke agrees with Friedman that the Federal Reserve is largely to blame for the Great Depression, but he draws a different lesson from the central bank’s disastrous mistake. That difference helps explain Bernanke’s eagerness for the Fed to play a larger role in centrally planning the U.S. economy.



Other Independent Review articles by Jeffrey Rogers Hummel
    Spring 2014   The Inevitability of a U.S. Government Default
    Spring 2001   The Will to Be Free: The Role of Ideology in National Defense
    Fall 2000   All on Fire: William Lloyd Garrison and the Abolition of Slavery
[View All (5)]



Volume 15 Number 4
Spring 2011

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