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Pastimes : Ask John Galt... -- Ignore unavailable to you. Want to Upgrade?

To: Father Terrence who wrote (3827)	8/14/1999 9:26:00 AM
From: Tom Clarke	Read Replies (2) \| Respond to of 4006

Sometime in 1964 Greenspan wrote in The Objectivist that we need to return to the gold standard. I don't think he still believes that. It is pretty cool that he was once a member of "The Collective" though. (An ironic moniker if there ever was one). I am not educated enough to assess an economist's virtue, but the Nobel imprimatur means nothing. If a bunch of socialists are pleased it should raise questions. Also, wasn't Friedman instrumental in pushing through that evil known as withholding? My understanding is he was on a panel that studied the matter and concluded, along with his colleagues, that withholding would be a good idea. I think he has since lamented this decision. He attributed his decision to the fact that we were at war and needed the funds. I don't dispute that he has contributed much to libertarian thought.