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If you want to get to the meat of the question, just skip to the paragraph starting with a bolded letter. I'm sure there are many current Austrians who were influenced by the writings and beliefs of Milton Friedman before arriving at their current place on the economic spectrum. If I had to name...
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See De Soto's book Money, Bank Credit, and Economic Cycles p. 558-571 (in the pdf it starts on 588). The entire chapter containing the above pages provides an excellent starting point for further study of Keynesian and Monetarist shortcomings and fallacies. Further reading suggestions are provided...
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I just had this thought about the nature of market currency, price inflation, and economic growth. It came about last night when I was thinking about Friedman's k-percent rule. My dilemma was this: is Friedman's k-percent rule really better than normal central banking, considering that during...
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Great series of comments. Im not as knowledgeable as this group, but I am "listening." I do have a question perhaps someone may have some insight about. Years ago I read something-a book or article-relating to the problem with fiat money and the inflation that it causes. This authors solution...
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I have the book Anarchy and the Law (edited by Stringham) which has an excerpt from Friedman's book. It is indeed an excellent excerpt, so the book is probably good as a whole too. Friedman does take the argument from a utilitarian perspective, but so does Rothbard, to an extent. Rothbard often shows...