Milton Friedman on the Origins of the Great Ripoff

Friedman was a scumbag for promoting the shock doctrine approach to economic management, but in any case:

The Great Ripoff is more commonly called the Great Depression, as if everyone suffered and no one was at fault.  But the fact is that the people who caused it made out like bandits because of it.   But somehow Friedman never seems to make that connection.

… Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.   — Ben Bernanke

http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/

It’s a bit late Ben.   The fed has done it again,  with ample evidence of deliberate intent.

Also see: http://thoughtcrimeradio.net/2014/03/reprise-bernanke-admits-fed-caused-great-depression/