Keynes vs. Friedman at the Fed |
March 13, 2012 | March 2012 Bond Updates |
The Federal Reserve is reported to be considering “sterilized quantitative easing,” forgetting who won the classic debate on monetary policy. It’s a huge mistake, with the worst positions taken by the intellectual heirs of the debate’s winner. |
View more at: http://www.forbes.com/sites/billconerly/2012/03/08/keynes-vs-friedman-at-the-fed/ |