Milton Friedman is one of the Saints of the Free Market Fairy Church and he's on record as saying the Federal Reserves tight money policy created the Great Depression. Today Fats Limbaugh has been criticizing the Fed for its actions to increase the money supply and a caller told him that Bernanke was doing exactly the right thing. Fats didn't get it and he also showed that he doesn't understand the difference between fiscal policy and monetary policy.
Yesterday, John Gibson used the "E-Word" to describe America's position in the world and this should cause the Baggers some concern because they don't seem too keen on supporting an "American Empire."
Thursday, December 02, 2010
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2 comments:
http://www.amconmag.com/blog/evening-in-america/
Good economic books reviewed by the trad non neo-con right.
Thanx for the link!
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