Eichengreen traces our tepid response to the crisis to the triumph of monetarist economists, the disciples of Milton Friedman, over their Keynesian and Minskyite peers – at least when it comes to interpretations of the causes and consequences of the Great Depression. When the 2008 financial crisis erupted, policymakers tried to apply Friedman’s proposed solutions to the Great Depression.
艾肯格林认为，我们对这场危机反应不温不火，原因要追溯到作为弗里德曼（MiltonFriedman）门徒的货币经济学家对凯恩斯主义和明斯基（MInskyite）主义同行的胜利——至少在解释大萧条的原因和后果方面是如此。2008年金融危机爆发时，决策者试图使用弗里德曼提出的大萧条方案。不幸的是，事实证明这是错的，直言不讳地说，货币主义者对大萧条的解释在众多方面都是错误的，并且非常不完整。