Thursday, November 16, 2006

Another Rutgers grad, Milton Friedman, dies at 94 – “Friedman's theory that inflation results from too much money chasing too few goods inspired a generation of central bankers, beginning with Paul Volcker, who was Fed chairman from 1979 until 1987. Alan Greenspan and Ben S. Bernanke also credit Friedman's work as a blueprint for policy making.”

1 comment:

Mike Roweckonomix said...

Milton had better hope that a few camels squeezed through a few needles last week.