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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (98930)5/2/2001 1:49:47 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<on April 30, Milton Friedman, the Nobel-winning economist, said that Fed Chairman Alan Greenspan may be overdoing interest rate cuts, that inflation was sure to rise if monetary policy is not tightened and that it may be
impossible for the U.S. economy to avoid recession.>>

Disregard...just another washed up Nobel prize winning economist. Maybe John Merriwether will give him a job scrubbing the barnacles off his boat in the Hamptons....<G>



To: NOW who wrote (98930)5/2/2001 8:09:13 AM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 436258
 
Campbell: What do you think would be a suitable growth rate for M2?

Friedman: Around 5 percent.

Well, if we did that like in early 2000, GreenClown's Wall Street buddies would be screwed. And we would have a recession due to severely rapid asset price decline.

Oh, what a house of cards he has built...


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