Milton Friedman on the Great Depression, Bank Runs & the Federal Reserve

Milton Friedman offers perspective on the banking system and explains what a bank run is. In this video, he looks back to the Great Depression and examines the Federal Reserve’s role in that crisis. There mare many parallels to the Great Depression and what is going on in the financial sector meltdown today. The Federal Reserve’s role in a bank run, and as a steward over the economy in general, is a great debate. What do you think?

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