Federal Reserve inaction, monetary misdiagnosis, and the Great Depression — the policy failure Friedman spent 800 pages documenting. The Fed had the tools. It had the authority. What it lacked was the doctrine and the unified command to act. Watson and B. Sovereign break down why Friedman called the Great Contraction preventable — and what that means for anyone skeptical of centralized monetary authority today. Full episode at bitlemmas.com.
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