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Subject:
HES: QUERY -- Friedman on central bank autonomy
From:
[log in to unmask] (Brad DeLong)
Date:
Fri Mar 31 17:18:39 2006
Content-Type:
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----------------- HES POSTING ----------------- 
 
[In response to Brad Bateman's reply to Thomas Moser. -- RBE] 
 
There is the old _A Program for Monetary Stability_ response: if velocity 
is unstable, impose regulations on the banking system--100% reserves, and 
so forth--until velocity is stable... 
 
Brad DeLong 
 
------------ FOOTER TO HES POSTING ------------ 
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