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

To: PAST who wrote (31302)	6/2/2005 8:32:28 PM
From: Elroy Jetson	Respond to of 116555

Milton Friedman knows perfectly well that deficits do not curb governmental spending. The government can eliminate income taxes and all other explicit tax levies - and still continue to spend ever larger amounts of money on credit by utilising the Monetarist Tax which devalues all currency. While Friedman is a dishonest rascal, prone to telling any number of lies to help his pals, you're mistaken if you think he doesn't know the truth. He knows perfectly well that deficits do not curb governmental spending. After watching Geoge W. Bush's deficit spending extravaganza, this should be obvious - even to you. home.pacbell.net Reading ever more of Friedman's simplistic tripe won't aid you in understanding this. .