“I regard a return to a gold standard as neither desirable nor feasible — with the one exception that it might become feasible if the doomsday predictions of hyperinflation under our present system should prove correct.”
“A real honest-to-God gold standard is not feasible because there is essentially no government in the world that is willing to surrender control over its domestic monetary policy.”
If Mr. Friedman were alive today, would he more or less likely to espouse the same views?
I have always thought of Milton Friedman as a reasonable economist. I suspect if presented with alternative libertarian viewpoints, he would consider them, if not adopt them. For any forum members unfamiliar with him, below are some videos of him I liked:
Milton Friedman - Free to Choose 1990 - 1of 5 The Power of the Market PL 1/5
http://www.youtube.com/watch?v=Yndxvj6813c
Milton Friedman - Free to Choose 1990 - 1of 5 The Power of the Market PL 2/5
http://www.youtube.com/watch?v=dBOHpKNzxHw
Milton Friedman - Free to Choose 1990 - 1 of 5 The Power of the Market PL 3/5
http://www.youtube.com/watch?v=12cTb4_9aLQ
Milton Friedman - Free to Choose 1990 - 1 of 5 The Power of the Market PL 4/5
http://www.youtube.com/watch?v=-YXcfd51kCA
Milton Friedman - Free to Choose 1990 - 1 of 5 The Power of the Market PL 5/5
http://www.youtube.com/watch?v=2JTEjsXGSwI
Milton Friedman on Donahue 1980 (1/5)
http://www.youtube.com/watch?v=OE1nJJBoxvk
Milton Friedman on Donahue 1980 (2/5)
http://www.youtube.com/watch?v=LTK2ul76oYc
Milton Friedman on Donahue 1980 (3/5)
http://www.youtube.com/watch?v=8E3jDdNTFXE
Milton Friedman on Donahue 1980 (4/5)
http://www.youtube.com/watch?v=MuS9QJ2IYSI
Milton Friedman on Donahue 1980 (5/5)
http://www.youtube.com/watch?v=eLJbtVZWOiY
Milton Friedman on Donahue 1979 (1/5)
http://www.youtube.com/watch?v=E1lWk4TCe4U
Milton Friedman on Donahue 1979 (2/5)
http://www.youtube.com/watch?v=5Lp2kGJASGY
Milton Friedman on Donahue 1979 (3/5)
http://www.youtube.com/watch?v=GapXLpLoZBs
Milton Friedman on Donahue 1979 (4/5)
http://www.youtube.com/watch?v=I0Ocv8aMBjk
Milton Friedman on Donahue 1979 (5/5)
Friedman would be a free banker. Some say he was very late in life.
I agree.