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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (2436)	6/11/2003 9:27:54 PM
From: yard_man	Respond to of 4905

from your post >>Friedman isn't that far away from Mises if you look at what I said this morning about Friedman's idea of holding the growth of the money supply at a constant 2% to match the long run rate of productivity growth.<< Mises states clearly that the money supply should be stable to aid all market participants in their "economic calculation." He does not advocate monetary expansion related to productivity growth or anything else. You are simply wrong saying Friedman is close to Mises on this pt. Is that clear? I can point you to the same two passages I linked again and bold the specific parts if you like ...