[JoeSchem]

He will be hated and despised forever by those who dislike central banks, but I think our experience with the Federal Reserve system has proved them wrong.

Our experience with the Federal Reserve System, as Nobel-Prize winning economist Milton Friedman has long noted, is that our economy has been more unstable and has had slower economic growth ever since the Federal Reserve was established.

[CobaltBlue]

as Nobel-Prize winning economist Milton Friedman has long noted, is that our economy has been more unstable and has had slower economic growth ever since the Federal Reserve was established.

That wasn't the conclusion I drew from reading Friedman & Schwartz's Economic History of the United States. If you have a copy handy, could you point me towards the most persuasive chapter? I have the common paperback version, we might even have the same edition.