Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (6704)	5/19/2004 11:17:01 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

You wacky Monetarists should leave your cult and come back to Capitalism. Friedman worship is not going to help you understand the real world. He invited Ben "Bubbles" Bernanke to his birthday party as Guest Speaker because Ben is such a true disciple of Friedman's baloney. Friedman applauds the Fed's wild monetary expansion since 1996 because they're doing exactly what he would have done. While it has "stabilizied" gerneral price levels, as RIst said it comes at the cost of bubbles in the investment markets - stocks, bonds, real estate, commmodities, art, stamps.... And it it's all making everything worse. As Schumpeter said, "policy does not allow a choice between depression and no depression, but between depression now and a worse depression later." Friedman and his Monetarism are going to be as discredited as it was after John Law led to the French Revolution.