#mismanagement

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. ↗

— Milton Friedman

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#depression #economy #government #great #great depression

Today we no longer regard the universe as the cause of our own undeserved troubles but perhaps, on the contrary, as the last refuge from the mismanagement of our earthly affairs. ↗

— Rudolf Arnheim

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#cause #contrary #earthly #last #longer