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Bernanke Admits Fed Caused Depression

August 2, 2009

Ben Bernanke to Milton Friedman at the latter’s 90th birthday celebration in 2002:

“I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we [the Fed] did it. We’re very sorry. But thanks to you, we won’t do it again.”

July 17, 2009 Newsweek

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