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11min chapter
Milton Friedman On Reality
THE INTELLECTUAL DARK WEB PODCAST (HOBBES + LOCKE + ROUSSEAU + US CONSTITUTION in ONE SINGLE BOOK)
The Great Depression: A Failure of Government
This chapter challenges the commonly held view that the Great Depression was caused by private business, arguing that it was actually a failure of government and monetary policy. It discusses the annual reports of the Federal Reserve System and highlights the contrasting tones depending on the state of the economy. The speaker emphasizes that they are critiquing the institutions and not individuals.
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