[logician2u]

He recommends abolishing it, too.

Not exactly.

He suggests the Fed Open Market Committee could be replaced by a computer.

Dr. Friedman is a monetarist, not an Austrian. As much as I admire him for his excellent scholarship and the great gains he's made for the cause of personal liberty, he's just plain wrong on a couple of things.

Central banking is one.

[Red Jones]

so, you oppose the federal reserve, you oppose a central banking system. You are also knowledgeable about these issues. If you have time sometime to tell us what you propose replacing the federal reserve with, then please tell us. We are publik skool graduates and we are ignorant.

[Tribune7]

I had thought I had read an interview in which he said we would be better off without the Fed and that he had said that his expressing this opinion had cause a tiff with either Greenspan or Volcker.

It could be that I misunderstood him, or that I am recalling the article incorrectly.