Why does Milton Friedman prefers Fiat currency instead of Gold standard?

[eusdaiki]

How is it different from the states?

 

[dcvtss]

Quote from jficquette:

Russia is ran by criminals. Men with no morals. No loyalty. No ethics.

John

And the U.S. is not?

LOL

 

[psytrade]

russia is more a story than a country.

 

[jficquette]

Quote from dcvtss:

And the U.S. is not?

LOL

No, the US is not ran by the mafia.

Only difference between Russia under Putin and Russia under Stalin is that under Stalin the military ran the show and all Stalin wanted was power. Under Putin the criminals run the show and all they want is money.

John

 

[eusdaiki]

Quote from jficquette:

No, the US is not ran by the mafia.

perhaps not the Cosa Nostra... but it is certainly run by the mafia.
They dont call themselves mafia of course, they're more into the white collar thing... Enron, Worldcom, Halliburton... just to name a few of the mafias that run the US...