DSK wrote:
"Walt" wrote

the debt fairy is coming along any day now?

The bad news, he's engaged to the foreign-policy fairy.

Obviously our problems in Iraq are a direct result of some of you not
clapping vigorously enough.

This thread got side tracked somehow. What I started out to say, for 1
ASA/economist point, can anybody answer what economic theory did
Friedman produce?

Monetarism.

2 points if you can explain it.

Hah. A trick question. What color is the wind?


//Walt

This thread got side tracked somehow. What I started out to say, for 1
ASA/economist point, can anybody answer what economic theory did
Friedman produce?


Walt wrote:
Monetarism.


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.



2 points if you can explain it.

Hah. A trick question. What color is the wind?


*I* can explain it, and I'm not all that smart. C'mon do we
have to wait for Gilligan to put donw his coffee and join in?

DSK

DSK wrote:

Well, you're in the right ballpark. Friedman was a monetarist and his
thoeries revitalized monetarism ... 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.


Sailing term? You mean "money"?

You've been hanging around the keelboat racers too much, Doug.


//Walt
// "They're gaining on us, Skipper. What do we do?"
// "Not to worry. Stand by to deploy more money."

Walt wrote:
Sailing term? You mean "money"?

You've been hanging around the keelboat racers too much, Doug.


No, it doesn't even start with the same letter.

DSK

DSK wrote:
Walt wrote:

Sailing term? You mean "money"?

You've been hanging around the keelboat racers too much, Doug.

No, it doesn't even start with the same letter.

Huh. That's too bad, since I was going to guess "Mizzen Mast" next.

As in "I'm going to assault the International Monetary Fund and their
ridiculous fixed exchange rates by belaboring them about the head with
the Mizzen Mast."

But I guess that would be wrong, and I wouldn't win that glass of root
beer with the vanilla ice cream that you promised.

I give up. You might say I'm sunk.

//Walt