the idea that Friedman was a monetarist is misleading at best. The statement he made about money growing at the same rate as the economy or a fixed amt per year, was in response to a question -and he prefaced his comments by saying there should not be a Federal Reserve. Not trying to defend everything Friedman said, but this is often misquoted. Db made it himself once. Our son, Aristo was the one to point that out. .
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