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Non-Tech : Deflation
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To: ahhaha who wrote (165)11/21/2002 2:29:09 AM
From: JF Quinnelly  Read Replies (1) of 621
 
That's fascinating, but it evades the issue of what Friedman knows about the issue of deflation in the '30s.

By 1980 Mundell and Friedman had long been debating the issue of fixed vs floating exchange rates, an important issue after Nixon closed the gold window. I don't know of their views, if any, on marginal tax rate cuts.

It's my understanding that the term "supply-side tax cuts" was unknown to the Reagan economists- this according to Martin Anderson, who was certainly in a position to know. It's rather the parlance of some WSJ cheerleaders who set themselves up as authorities on Reaganomics, much to the annoyance of the Reagan economic advisors.
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