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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Mike M2 who wrote (84533)10/24/2000 2:12:17 PM
From: Thomas M.  Respond to of 132070
 
Message 2666713
Message 2667465

I am surprised at how smart I was. -g- Heck, that post of mine could almost be a direct quote of Richebacher. This was before I had read anything by him or any Austrians. It's semantics, but I still prefer the definition I used. Friedman is no guru, IMO. He doesn't understand "pushing on a string", and he failed to grasp the importance of money velocity when he had Reagan's ear in the Volcker era.

Tom