We're very sorry. But thanks to you, we won't do it again," Bernanke said in an address during Friedman's 90th birthday. Federal Reserve's mistakes during the Great Depression contributed to the ...

Still, the monetarist interpretation of the Great Depression was not entirely forgotten. In a speech during a celebration of Milton Friedman’s 90th birthday in late 2002, then-Fed governor Ben S.

WASHINGTON — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American ...

Trump Says High Tariffs May Have Prevented the Great Depression. History Says Different WASHINGTON (AP) — In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon ...