The View From 1776
Tuesday, August 19, 2008
Despite denials by the Fed and stock market advisors, inflation continues to be a serious threat.
Read Inflation Is a Clear and Present Danger, Brian Wesbury’s opinion piece in today’s Wall Street Journal.
As I wrote in Democrats, the Fed, and Milton Friedman (November 22, 2006):
Neither the Democratic Party left wing, nor the Fed has learned the fundamental truth documented by the late Milton Friedman and Anna Schwartz in “A Monetary History of the United States, 1867-1960”...
One of Professor Friedman