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rulesandregulations
thogan

Did regulation cause the great recession?

John Cochrane recently wrote that Milton Friedman and Ben Bernanke were wrong to claim the Great Depression was caused by a shortage of money. He called the idea “unintentionally hilarious” and said it “gets the correlation vs. causation gold star.” Ok, not really. Cochrane actually said these things regarding a column at Forbes.com by Lois […]

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