SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (732326)8/12/2013 9:16:08 PM
From: bentway  Read Replies (1) of 1578288
 
Rand Paul is dead wrong. Milton Friedman would have supported the Fed’s bond buying

First, Rand Paul told Bloomberg Businessweek that he would prefer a deceased Milton Friedman in charge of the Federal Reserve “because then you probably wouldn’t have much of a functioning Federal Reserve.” Now as a follow-up, he writes over at National Review Online that it “is a disservice to Milton Friedman’s memory … to assert that he would be a Krugman-like advocate for quantitative easing.”

1. Based on the BBW interview and his NRO piece, Paul doesn’t seem to know or understand much about Milton Friedman’s views on the Fed or monetary policy. The NRO piece is particularly egregious since Paul and his staff had time to research the issue and still failed to mention that Friedman had addressed specifically what a central bank should do when faced with a stagnant economy and very low interest rates. Here is what Friedman said back in 2000 during a Q&A with economist David Laidler:

aei-ideas.org
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News