Sunday, December 16, 2007

Cramer and Paul Channel Friedman

Jim Cramer talked to presidential hopeful Ron Paul recently concerning adding oversight to the Fed Reserve. Their conversation bears a similar cord Russ Roberts interview (transcript) with the late Milton Friedman last year on EconTalk. The lack of transparency is so severe, the potential for disaster so high, Friedman said
I've always been in favor of abolishing the Federal Reserve and substituting a machine program that would keep the quantity of money going up at a steady rate.

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