Discussion in 'Economy' started by Toro, Sep 25, 2011.
Fed Bashers: Take A Lesson from Milton Friedman
We're all Keynesians now.
as we should be
Friedman also supported income tax withholding...How has that one worked out?
Oh yeah...He admitted that was one of his biggest regrets.
He also supported privatizing Social Security, so let's get going with that.
If the Republicans win everything in 2012 - and I think they will - we could have a repeat of 1937.
We might have a repeat even if they don't.
Is that when FDR quit spending and the economy tanked again?
Yup. They cut spending and raised taxes to balance the budget, and the Fed required banks to increase reserves, i.e. monetary tightening.
Im glad to see those who are right leaning admitting the history
Yeah cause it worked so well.
Separate names with a comma.