In the following 1994 interview (17:17), the preeminent free market Nobel laureate economist Milton Friedman said that he favored the abolishment of the US Federal Reserve primarily due to its blatant string of policy failures. His position then seems consistent even with his 2006 interview which I earlier posted.
Unfortunately, as David Kramer points out at the Lew Rockwell Blog, while Mr. Friedman desired the elimination of the FED, he maintained a pro-central banking stance, which seemed a bizarre paradox.
Unfortunately, as David Kramer points out at the Lew Rockwell Blog, while Mr. Friedman desired the elimination of the FED, he maintained a pro-central banking stance, which seemed a bizarre paradox.
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