Economist Anna Schwartz, Milton Friedman's coauthor on their classic work, A Monetary History of the United States, has some interesting comments on the financial crisis in this recent interview with the Wall Street Journal. She argues that the Federal Reserve's "easy credit" policy during the first half of this decade bears a large portion of the blame. The Fed's policy, of course, was one of several ways in which the current crisis was at least in part brought about by non-free market forces.
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