You mean would I disagree WITH Milton Friedman? I think that’s what you meant so I will answer by saying no, I don’t disagree with him but I think this current Fed isn’t even pushing on that string anymore. Lowering interest rates as fast as they have is contributing to inflation, not keeping it in check.
Lowering interest rates as fast as they have is contributing to inflation, not keeping it in check.
I have to disagree. The lower interest rates are having virtually no effect on inflation. Almost all current inflation is due to falling dollar values and high levels of imports.