Re: Leftists knocking Friedman ?

John Galt wrote:
> 
> Perhaps a bit of a reach here. You'd have to wait until the end of the
next 
> business cycle to determine if such intervention was in fact working,
and 
> there's a pretty good chance that event will occur in somebody else's
term.

All _other_ things being equal, but they are not.
<http://www.fmcenter.org/atf/cf/%7BDFBB2772-F5C5-4DFE-B310-D82A61944339%7D/creditmarketdebt_GDP_06.pdf>