“If Alan Simpson and Erskine Bowles want to run as president and vice president, I will vote for them,” Friedman said.
LAGARDE: …But also throughout the entire organization… Friedman: I know how you feel today.
“It took really less than seconds to start playing it all right onto my computer,” Friedman continued.
“I was seeking information and I was operating under the assumption that he would not tell people,” Friedman adds.
“He calls it E.T., energy technology,” Obama said of Friedman.
But as Friedman reports, while the attacks were reduced, they were hardly eliminated.
Just add more reserves and believe in Ben Bernanke, whose mentor was Friedman.
Too many observers miss this point and thus fall prey to Friedman's interest rate fallacy.