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To: ahhaha who wrote (65710)3/14/2001 1:32:20 PM
From: long-gone  Read Replies (1) | Respond to of 116816
 
<<Greenspan recently said that money supply doesn't matter. This has been the growing consensus at the FED since 1990. >>

Yes, we all read his response but it is another matter to agree.



To: ahhaha who wrote (65710)3/14/2001 2:50:38 PM
From: LLCF  Read Replies (1) | Respond to of 116816
 
< It is ironic that in 1999 Friedman said the FED was doing a good job after spending 40 years of his life proving beyond a shadow of a doubt that money does matter. >

The mistake some monitarists make is the belief that constant money growth will eliminate the business cycle IMO.

DAK


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