June 23, 2003

Brad DeLong defends Milton Friedman in response to Paul Krugman's less-than-subtle dismissal of Friedman's monetarism. But note to Brad, Friedman has repeatedly endorsed free banking. [Ed. note -- In an earlier version of this post I unfairly characterized Krugman's short remarks on Friedman as a "hatchet job". It wasn't -- see comments. Krugman uses a much blunter instrument -- and a softer one. Call it a "rubber mallet" job.]

Posted by Greg Ransom