It’s been stated many times (including here) that Milton Friedman advocated the abolishment of the Fed toward the end of his life. However, he died in late 2006. I had no idea he was this adament this early on (plus he says “long been in favor”, implying he’s held his opinion for quite some time even before the interview)…
Note: Murray Rothbard was still alive when this interview took place…so it’s quite feasible he was aware of Friedman’s stark anti-Fed position before he died. I’m wondering if he ever mentioned it. Anyone have any literature?
P.S.
For anyone interested, as usual, the interview is excellent. I highly recommend it:
I particularly enjoy the 2 minutes starting at 20:40 in part 2. Among other things, Friedman verbalizes the concept illustrated in this video Clayton is quite fond of referencing, namely the reality of benefits of government intervention being concentrated, while the costs tend to be dispersed.
And for more, see The Milton Friedman/Thomas Sowell Collection from Guides and Knowledge for your Intellectual Journey.