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To: Elroy Jetson who wrote (1442)10/24/2005 4:11:45 AM
From: Maurice Winn  Respond to of 218393
 
<Milton Friedman's wacky idea that "the problems caused by excessive debt can be solved with additional new debt creation" is so utterly false on its face that you wonder how desperate a person needs to be in order to believe something so obviously wrong. Yet many do.>

Elroy, I think you misrepresent his thoughts as it's obvious that simply increasing a debtor's debt doesn't deal with their creditworthiness.

Mqurice