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To: Elroy Jetson who wrote (28518)	3/22/2005 3:20:59 PM
From: gpowell	Read Replies (1) \| Respond to of 306849

Milton Friedman is indeed a well practiced liar. Are his pants on fire, as well? I'll be around Elboy, any time you want to have a serious discussion. Friedman's vision of creating a "free market" economy through centrally planned intervention is laughable on its face. You’ve come full circle. Relying on an argument refuted months ago. That is not a sign of an individual willing, or capable, of learning. Message 20686736 From Milton Freidman's paper in "The Controversy Over Monetary Policy", The Review of Economics and Statistics, Vol. 33, No. 3. "As a matter of long-run reform, I would like to see the Federal Reserve System in its present form abolished and replaced by a 100 per cent reserve deposit banking system in which there was no monetary authority possessing discretionary powers over the quantity of money. I am convinced by the evidence Harris alludes to that the establishment of the Federal Reserve System was a mistake and that the system has failed to promote the objectives for which it was established. While this is as good a time as any to begin this long-run institutional reform, it cannot be accomplished overnight. We must, willy-nilly, meet the present emergency with present institutions." Clearly, based on this passage, your views are very similar to Milton Friedman's. Oh, the irony!