Dave wrote:

On Fri, 17 Nov 2006 11:17:46 -0500, DSK said:

Well, you're in the right ballpark. Friedman was a
monetarist and his thoeries revitalized monetarism
(discredited for a long time even after the obvious hint of
the Weimar Republic's fiscal undoing). He's been called a
Neo-Monetarist. But there is a specifc term (also used in
sailing) that is the key to his main monetarist theory, in
fact this is what makes the whole thing work.


Dunno what magic words you have in mind, but there's a rather nice summary
on the Op Ed page of today's Journal.

The WSJ? Yeah, well, whatever floats your boat...

//Walt