Re: Leftists knocking Friedman ?

<problems@[EMAIL PROTECTED]
> wrote in message news:1203148928.84850@[EMAIL PROTECTED]
>

> If the cause of the present/pending credit crisis had not been
> stimulation by Bush's reaction to 9/11: telling the people to
> 'go out and shop', which promoted the disgusting expressions:
> "shop till you drop", "Yea babe, I've maxed-out all my credit
> cards", another later cause would have brought the inevitable
> pandemic around.

Huh?

The cause of the current crisis is (1) a lack of regulation in the credit 
markets, plus (2) cheap credit because of the Chinese, Saudis, Europe,
etc, 
lending to us so we can serve as the buyer of last resort in the world 
economy.

Friedman's ideology is connected to (1), because he and his ilk view 
regulation as anathema and the "market" as god.