I’ll Side With Mises: Would Friedman’s Logic Lead Us to QE2? – Peter Boettke
“For some of the reasons that have been supported here by Steve and George, a WSJ editoral argues that Milton Friedman’s monetary policy analysis could be used to defend QE2 in our current economic context.
I remain unpersuaded that any of these arguments for QE have the upper-hand either analytically or political economy wise. Part of the reason for my skepticism comes from my reading of Milton Friedman’s critical review of Lerner’s The Economics of Control that can be found in his Essays in Positive Economics.” Read more.
I’ll Side With Mises: Would Friedman’s Logic Lead Us to QE2?
Peter Boettke
Coordination Problem, October 29, 2010.
Image by jscreationzs / FreeDigitalPhotos.net.
