Wondering what’s going on with the current crisis in the financial markets? Friedman Foundation senior fellow Greg Forster channels the late great economist Milton Friedman via an article written by William F. Buckley during the stock market tumble of 1987. It’s worth a read. I’d like to believe Friedman’s assessments then apply to today’s situation. He’s been right about so many other things.
But Julia Dunraven at Slapstick Politics has a more pessimistic view, with a lot of the numbers to back it up.
Then again, maybe they’re both right.