In a moment of rare candor, Ben Bernanke, chairman of the Federal Reserve, made the following comment in a speech on November 8, 2002, honoring the 90th birthday of Milton Friedman:<\/p>\n
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.<\/p><\/blockquote>\n
Here is the complete speech: http:\/\/www.federalreserve.gov\/boarddocs\/Speeches\/2002\/20021108\/default.htm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
In a moment of rare candor, Ben Bernanke, chairman of the Federal Reserve, made the following comment in a speech on November 8, 2002, honoring the 90th birthday of Milton Friedman: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to … Continue reading Ben Bernanke admits that the Federal Reserve caused the Great Depression<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-93","post","type-post","status-publish","format-standard","hentry","category-federalreserve"],"_links":{"self":[{"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=\/wp\/v2\/posts\/93","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93"}],"version-history":[{"count":2,"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=\/wp\/v2\/posts\/93\/revisions"}],"predecessor-version":[{"id":95,"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=\/wp\/v2\/posts\/93\/revisions\/95"}],"wp:attachment":[{"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/goldenageeconomy.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}