great depression

i have a friend who when i say "we've only had the federal reserve since 1913" she goes " well we needed it to fix the great depression." now, i'm no expert on either so i'd like some insight on how to address this. thanks.

A friend of mine disagrees with Ron Paul on the gold standard issue. I sent him the below with a link to a film called Money, Banking and Federal Reserve and his response was: At the time of the Great Depression, America had a 100% gold standard for its money... How should I respond. Please...

Since he is a staunch free market man and believes the government shouldn't be involved, what are his thoughts on the depression to end all depressions?

Fed Chairman Ben Bernanke publicly admitted Fed caused Great Depression http://en.wikipedia.org/wiki/Bernanke Bernanke is particularly interested in the economic and political causes of the Great Depression, on which he has written extensively. On Milton Friedman's ninetieth birthday, Nov. 8...

Here's what I was told from government education. WWI caused false prosperity. Capitalism failed. People overexpanded their business on loans, then they couldn't pay them when the free market didn't work. From what I understand. The Fed loaned out money to banks who loaned to private...