Re: Leftists knocking Friedman ?

On Feb 16, 11:25=A0am, stuff_st...@[EMAIL PROTECTED]
 wrote:
> On Sat, 16 Feb 2008 02:04:29 -0600, problems@[EMAIL PROTECTED]
 wrote:
> > After some decades [eg. the 70's stagflation] the market anticipated
> >and became immune to the state manipulations.
>
> This is nonsense.
>
>
>
> >Rightly so, Friedman pointed out that decades of post war lack of
> > market discipline had had inevitable results,
>
> More nonsense. it's not a matter of discipline. It was a matter of oil
> embargoes causing stagflation.


Oil prices went up because the value of the dollar went down - kind of
like now. How else to pay for the Great Society?