If Uncle Milt were still with us, what would have been his views on Northern Rock, Bear Sterns etc?
Brad Delong explains it very well indeed.
If Uncle Milt were still with us, what would have been his views on Northern Rock, Bear Sterns etc?
Brad Delong explains it very well indeed.
“hence Friedman’s calls, at times, for extremely strict banking regulation: 100% reserve banking, in fact”
I didn’t know that.