I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.


As quoted in The Money Masters (1995)

Milton Friedman Quotes

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money and equally of no sharp ...

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money and equally of no sharp ...

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money and equally of no sharp ...

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money and equally of no sharp ...