Word: beene
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Dates: during 1960-1969
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Today's stubborn inflation, according to Friedman and his adherents, has been greatly magnified by Federal Reserve Board mistakes. From April 1965 to April 1966, the money supply expanded at an abnormally high 9½%-per-year rate, even though inflation was on the rise. Too late, says Friedman, the board...
Friedman's fact-laden criticisms of the Federal Reserve have considerably undermined its once sacrosanct standing as the arbiter of U.S. monetary affairs. Mindful of his formulations, the Congressional Joint Economic Committee has been pressuring the board to expand money supply at a rate of between 2% and 6% a...
A truly original thinker, Friedman is the author of a dazzling variety of ideas about how nations should cope with myriad matters of public policy. On the question of the international monetary system, Friedman for nearly two decades has been urging the adoption of freely moving exchange rates instead of...
Friedman has a big recipe for economic reform, and he calls for an end to many politically sacred Government programs. A sampling of his ideas: FOOD STAMPS. "There is nothing you can do with stamps that you cannot do better by giving people money. The real drive behind food stamps...
(7 of 10) High-income people come off better. If you have property, you get the benefit of this, plus social security. The system redistributes income from the young (rich or poor) to the old (rich or poor). I think we ought to help the poor indiscriminately." GOVERNMENT PRIVILEGES. "All...