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In Reply to: RE: gold has intrinsic value? posted by pictureguy on March 9, 2021 at 15:29:43:
Aahh...Milton Friedman.
The problem with him is that his ideas of deregulation have been proven wrong wherever they have been applied in practice.
When he got his Nobel prize in 1976 there were large scale protests since his ideas via his students had been applied in Chile which lead to dictatorship and economic ruin.
Deregulation inevitably leads to a short term boom followed by an almighty bust.
I think I'll stick with 2008 Nobel laureate Paul Krugman.
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Follow Ups
- RE: gold has intrinsic value? - b.l.zeebub 03/10/2114:23:15 03/10/21 (1)
- RE: gold has intrinsic value? - pictureguy 16:06:41 03/10/21 (0)