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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (732357)8/12/2013 10:41:00 PM
From: i-node  Read Replies (2) of 1578133
 
Yeah, I don't think you (or the author of that article) understands what Friedman thought or would have thought in this respect.

Friedman, if nothing else, was a proponent of restraint.

At the end of the day it is about inflation. For the Fed to back out of this situation without creating a huge inflationary problem is going to quite a balancing act. Whether they can manage it, I don't know. But I don't think there is any way in hell Friedman would have supported QE2. The comparison with Japan in your link is sort of ridiculous; those circumstances were vastly different.
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