The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (28440)	3/22/2005 12:42:16 AM
From: gpowell	Read Replies (1) of 306849

I think its worth pointing another one of Milton Friedman's lies - something he calls the "natural rate of inflation". Actually, Friedman advocated deflation (the Friedman Rule) as a means of eliminating the opportunity cost of holding fiat money (The optimal Quantity of Money - 1969). In your previous post you characterized deflation, such as what one would expect from implementing a Friedman Rule, as "altogether obvious and right." How ironic that you might be a Monetarist after all.

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