A reminder of where we've come from.
Interesting that he talks about conservative economist but not political Hayekian conservative, which he would be. Again note the difficulty with which the host grapples with the distinction between the aim of the people and the agency of government programs. Friedman doesn't do a good job pointing this out, jousting as he does which makes it appear that he is fatalist. It would be useful to determine exactly in which ways Friedman would direct government policy given what Bernanke had to face, or if he's just being facile in assigning blame to the government for the Great Depression.
The associated YouTubes are also very good. I will always remember his snappy comeback when asked if he ever was poor to which he replied 'If you had cancer, would you only accept treatment from a doctor who had cancer?'
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