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Friedman Discredited (video)

Oct 29, 2008
Michael Hogan

Nobel Prize winner Professor Milton Friedman relied on Monetary Theory to achieve successful economies and societies. He saw the challenge as controlling the money supply so it would grow at a steady rate. Our present financial crisis has shown that events can conspire to severely reduce the money supply and place the money supply well beyond the control of bankers, economists & thinkers.

Professor Friedman also taught the world to believe in deregulation and privatization as keys to the growth of wealth. Bankers, economists & thinkers now tell us deregulation & privatization have brought on the present financial crisis resulting in an uncontrollable reduction in the money supply and concomitant deflation (i.e. recession or depression). 

View the video clip here:

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