> the great depression was a result of a free market moving > without any government oversight or interference Citation? To put forward an alternative - Fried

> the great depression was a result of a free market moving > without any government oversight or interference Citation? To put forward an alternative - Friedman demonstrated that the depression was caused by the government failing to honour its a promise fundamental to its fractional model to see banks through liquidity shortages and a (quite understandable) general lack of confidence resulting from the damage that caused. I agree about the market running amuck, but not a free market - the housing bubble is linked to the credit problems and the government had a heavy hand in causing that.