QUOTE(Neil @ Feb 24 2003, 11:15 AM)
QUOTE(quarkhead @ Feb 19 2003, 04:55 AM)
I would have said it helps no one, because the regressive and frankly myopic agenda of the Republican party and in particular its unfailing support of neoliberal mumbo jumbo from Friedman and his short-sighted ilk will unfortunately in the long term cause the implosion of this nation, not to mention the global financial structure.
What have you read by Friedman?
A monetary history of the United States 1867-1960, written with Anna Schwartz, and
Free to Choose: a Personal Statement.
I also studied a bit of von Hayak's
The Pure Theory of Capital in college.
My critique is mostly concerned with how these monetarist economic theories have been applied politically, particularly in the neo-liberal shifting of the agenda within the GATT, World Bank, and IMF, and as more particularly in the political policies of leaders like Thatcher and Reagan.
Why are you curious? Perhaps you believe it is my ignorance of these theories which leads to my crtitique of them? Friedman did win a Nobel Prize, but he is a very controversial economist, and I am hardly the first, nor the smartest, person to be very skeptical about them.
Or perhaps you are merely curious. I prefer to think the latter, as you presented no statements surrounding your question.