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Thank you Bradley Bateman for your references and for stressing Milton 
Friedman's basis for them. I was aware of the latter.  In the light of his 
well-known position I found it quite interesting that recently he gave an 
interview in which he paid respect to Alan Greenspan for his 
"unconventional" policy of strong monetary expansion in the USA over the 
last years, admitting that thereby Milton Friedman  was in conflict with 
his own basic position. The over-riding aspect which Milton Friedman 
advocated in spite of his basic beliefs was the idea of avoiding a 
repetition of the Great Depression now that the New Economy is faltering. 
(DIE ZEIT, June 21, 2001, p.19, published in German) 
 
Best regards 
Michael Ambrosi 
 
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