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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

Milton Friedman
Depression, Government, Unemployment
Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.38, University of Chicago Press
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.