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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: pater tenebrarum who wrote (1392)6/9/2003 11:07:41 AM
From: ild  Read Replies (1) of 4912
 
Global: Macro Seduction
Stephen Roach (from London)

morganstanley.com

Lunch with the FT: Milton Friedman
By Simon London
FT.com site; Jun 06, 2003

Hold on to your hats and prepare to be amazed: Milton Friedman has changed his mind.

"The use of quantity of money as a target has not been a success," concedes the grand old man of conservative economics. "I'm not sure I would as of today push it as hard as I once did." Granted, this is hardly a conversion of Damascene significance. But, heck, it's a start. It also shows that, at the age of 91, Friedman still has his critical faculties intact. The man once described as "the most consequential public intellectual of the post-war era" is still engaged - and engaging
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