Milton Friedman’s $8 trillion error
Stacy Summary: David Stockman penned this op-ed in yesterday’s NYTimes: Four Deformations of the Apocalypse . . . the new catechism, as practiced by Republican policymakers for decades now, has amounted to little more than money printing and deficit finance — vulgar Keynesianism robed in the ideological vestments of the prosperous classes. This approach has [...]
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