Mention947644
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| so:text | There is no doubt, and in this I agree with Milton Friedman, that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary policy. I am not only against inflation but I am also against deflation! So, once again, a badly programmed monetary policy prolonged the depression! So, once again, a badly programmed monetary policy prolonged the depression. One consequence of this policy was, of course, the fact that confidence was destroyed. (en) |
| so:isPartOf | https://en.wikiquote.org/wiki/Friedrich_Hayek |
| so:description | A Conversation with Professor Friedrich A. Hayek (1979) (en) |
| so:description | 1960s–1970s (en) |
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