Friedman Has Turned Over in His Grave; Do We Need Paul Volcker?

Milton Friedman must be quite happy that he isn’t alive today to witness the money printing by the major central banks, led by America’s Fed.  He has probably turned over in his grave at least 3 times in the last 5 years (QE1, 2, and 3).  In 1979 and 1980, when the Consumer Price Index […]