George Gilder vs. Milton Friedman on the Function of Money

George Gilder states that free market icon Milton Friedman’s quantity theory of money “has been proven wrong,” arguing that a stable dollar as essential to a prosperous economy. At Real Clear Markets, John Tammy writes: “Growth per Gilder is rooted in information, and information reveals itself most readily when experimentation is rampant. The tonic has many ingredients, but the biggest barrier right now is unstable money that renders investment quite a bit more perilous.”

Read the full account of Gilder vs. Friedman at Real Clear Markets.