Re: Leftists knocking Friedman ?

Lysander wrote:

> On Feb 20, 8:45 pm, Vide...@[EMAIL PROTECTED]
 wrote:
> 
>>On Feb 20, 7:29 pm, Jeffrey Turner <jtur...@[EMAIL PROTECTED]
> wrote:
>>
> 
> 
>>>--Jeff
>>
>> i ask every one of these cranks, show me one of his success stories,
>>kenya, new zealand, chile, the u.k., argentina, etc., the list of
>>failures is huge. they cannot show me one success story unless they
>>lie.
>>
> 
> The United states through the 1980's and 1990's. Greenspan followed
> rational expectations policies and lowered inflation without
> increasing unemployment and the economy did quite well. A 10 year
> expansion.

****in' bull****.  The price of oil dropped significantly and the U.S.
went on a $2 trillion borrowing binge.  That was the financial "miracle"
of the 1980s.

> As far as I know the UK has never followed a fixed monetary policy
> strategy. Only New Zealand can be verified as following fixed monetary
> policies. Out of the 4 countries you list two are LDCs which have a
> different set of policy prescriptions.

Just go back to your supply-side monastery and leave economics to those
who understand reality.

--Jeff

-- 
It is only those who have neither
fired a shot nor heard the shrieks
and groans of the wounded who cry
aloud for blood, more vengeance, more
desolation.  War is hell.
--William Te***seh Sherman