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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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