By the standards of today's Republican party, most definitely. Here's what Friedman said about Japan all the way back in 2000. (read the bolded for short version) source Why... That's almost exactly what Ben Bernanke's Federal Reserve is doing today in the USA! If this author of this book: rose from the dead, would Rick Perry want to treat him pretty roughly? Would Ron Paul rail against him and how he was for debasement and theft? Main point of this thread: Was Milton Friedman wrong about Japan? What should the Federal Reserve under Ben Bernanke be doing right now?