This considers how to avoid a repeat of the collapse of the early 1930's . Ormerod claims Friedman argues that if a major recession seems imminent, policy makers should forget their fear of inflation and simply print money.
Ormerod claims that the paper is not some aberration on Friedman's part which he now hopes no one will notice. On the contrary, Ormerod claims Friedman refers proudly to it in his memoirs, published earlier this year.
Clever timing?
Does anyone know this article?
Chris Burford
London.