Milton Friedman supported unconventional monetary expansion for Japan
(written by Lawrence Krubner, however indented passages are often quotes)
An amazing exchange in which Milton Friedman, in 2000, suggests unconventional monetary policy for Japan. These are the policies that the Fed is now trying to pursue for the USA. It is sad that once upon a time Friedman’s opinion would have carried substantial weight with the right-wing of USA politics, but not nowadays. There has been some kind of strange disconnect with all the previous intellectual debates that once happened in this country.
Source
May 17, 2012 2:06 am
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