Milton Friedman was my monetarist hero. I still have his seminal, Nobel winning work, A Monetary History of the United States, somewhere in my book collection. (And, I will admit that I did not read it cover-to-cover but I have skimmed through it.)
The late great Milton would agree with the contention of this commentator that the Federal Reserve does not, in fact, provide financial stability.
By law, the Fed has two goals, financial stability and maximum employment. Yet the long look at history says it has not achieved at least the first of these goals.
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Woke Terror
I recently heard a new phrase that stuck in my head like a dart in a dart board - Woke Terror . In our world a formerly innocent remark...
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I recently heard a new phrase that stuck in my head like a dart in a dart board - Woke Terror . In our world a formerly innocent remark... -
The United States will soon be a net exporter of oil; if by soon you mean five years or so. Yet when you read the press, it seems that this ... -
This is an unusual and off-topic post for this blog but I just have to congratulate Andrew Mason (now the former CEO of Groupon) for his res...
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