Monthly Archives: February 2009

President Obama’s Stimulus v. Milton Friedman’s Rule | | 02.06.09

Milton Friedman had a rule: Increases or decreases in the money supply take six to nine months to alter economic output and as much as two years to move prices. As the Senate takes up the president’s stimulus package, the administration argues that, to avert another Great Depression, it is better to do too much […]
Posted in Economic Policy: The Great Financial Crisis | Tagged | Comments closed