Must-Read: David Glasner: Milton Friedman’s Cluelessness about the Insane Bank of France: “Friedman was not alone in his cluelessness… …F. A. Hayek, with whom, apart from their common belief in the price-specie-flow fallacy, Friedman shared almost no opinions about monetary theory and policy, infamously defended the Bank of France in 1932: France did not prevent her … Continue reading Must-Read: David Glasner: Milton Friedman’s Cluelessness about the Insane Bank of France