CONCHO, I don’t know much about Milton Friedman’s work (apart from third-hand unrepresentative excerpts used by people with a political ax to grind on the left or right). Did he teach that unlimited expansion of the money supply (credit) was a good thing? Or that it was good to suppress interest rates as low as possible to encourage people to borrow liberally? If so, Barney Frank must be a Milton Friedman disciple. That’s not what I thought, but I don’t know as much as you.
