On Wed, Oct 15, 2008 at 7:09 AM, Charles Brown <[EMAIL PROTECTED]> wrote: > Reny also speculated about Friedman's likely response to government efforts > to stem the financial crisis by intervening directly, investing hundreds of > billions of dollars in teetering banks and guaranteeing inter-bank loans. > > "I can't imagine he'd say 'do nothing. Let markets work' ... He was not an > ideologue," Reny said. "I don't think he'd say any regulation here is wrong."
It is a fair bet that he'd say, the crisis was the government's fault. The markets were just not deregulated enough. The witch doctor can never lose; if you didn't get cured you just didn't have enough faith. -raghu. -- "Really ?? What a coincidence, I'm shallow too!!" _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
