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To: SolidWood
More than any other one factor, what turned an ordinary recession into a "Great Depression" was an appallingly inept monetary policy by the U. S. Federal Reserve system. The authoritative work here is Milton Friedman and Anna J. Schwartz, A Monetary History of the United States. In fact, it's fair to say that Friedman and Schwartz's masterpiece has been the most influential economics study of the last 70 years.
9 posted on 07/05/2009 9:24:54 AM PDT by Hawthorn
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To: All

Thank you all for your input. If there is more, keep ‘em coming.


10 posted on 07/05/2009 9:26:44 AM PDT by SolidWood (Palin isn't retreating, but taking the fight in another direction.)
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