Or, overheating and recession are two sides of the same coin
Total b.s. Friedman was one dimensionally confused, not know a credit from a debit. Banks are black holes. Banks don't loan out deposits. Deposits are the result of lending. So 15 trillion dollars in bank-held savings are inert.
Total b.s. Friedman was one dimensionally confused, not know a credit from a debit. Banks are black holes. Banks don't loan out deposits. Deposits are the result of lending. So 15 trillion dollars in bank-held savings are inert.