re: #16 Cato the Elder

re: #24 WindUpBird

No no no no. Listen people, Milton Friedman was a great economist. Really. Monetarism is a genuinely great and innovative theory and has nothing to do with either the Austrian school or a bunch of posterior and pretty questionable freshwater economical theory.

Friedman’s bad rep is mostly due to the fact that Monetarism came to be associated with all the draconian fiscal and labor policies implemented by Reagan did during his Presidency that had nothing to do with Friedman’s contribution to Economics.

Friedman’s monetary theory is fully integrated in Neo-Keynesianism. People like Dean Baker, Krugman and Stiglitz have no problem in recognizing the role Friedman had in the history of the Economics.