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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (50838)	6/3/2009 2:44:29 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217561

Milton Friedman's delusional theories are the prototype for the current binge of spending to ward off an economic depression. Milton Firedman and Anna Schwartz thought they "proved" that the Fed of the 1920s didn't create money quickly enough. Friedman made a serious error in logic, believing the converse of a proposition is true. Just because monetary velocity declines during a deleveraging doesn't mean that it can be prevented through mass monetary creation. In the future people will spit when they hear the names Schwartz and Friedman. .