Milton Friedman Supported Quantitative Easing

Discussion in 'Economy' started by Toro, Sep 25, 2011.

  1. Toro
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    Toro Diamond Member

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    Fed Bashers: Take A Lesson from Milton Friedman
     
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  2. elvis
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    elvis BANNED Supporting Member

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    We're all Keynesians now.
     
  3. Truthmatters
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    Truthmatters BANNED

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    as we should be
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Friedman also supported income tax withholding...How has that one worked out?

    Oh yeah...He admitted that was one of his biggest regrets.
     
    Last edited: Sep 25, 2011
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    He also supported privatizing Social Security, so let's get going with that.
     
  6. Toro
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    Toro Diamond Member

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    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.
     
  7. elvis
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    elvis BANNED Supporting Member

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    Is that when FDR quit spending and the economy tanked again?
     
  8. Toro
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    Toro Diamond Member

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    Yup. They cut spending and raised taxes to balance the budget, and the Fed required banks to increase reserves, i.e. monetary tightening.
     
  9. Truthmatters
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    Truthmatters BANNED

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    Im glad to see those who are right leaning admitting the history
     
  10. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    Yeah cause it worked so well. :rolleyes:
     

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