Thursday, November 16, 2006
There's No Such Thing As A Free Funeral
Milton Friedman 1912-2006
From Wiki:
"Friedman was the leading proponent of the monetarist school of economic thought. He maintained that there is a close and stable link between inflation and the money supply, mainly that the phenomenon of inflation is to be regulated by controlling the amount of money poured into the national economy by the Federal Reserve Bank; he rejected the use of fiscal policy as a tool of demand management; and he held that the government's role in the guidance of the economy should be severely restricted."
If more lawmakers understood this, our kids wouldn't have $40 trillion in future tax payments dedicated to debt service.
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