July 31st was Milton Friedman’s 100th birthday, and his birthday present is to watch the ‘European Project’ come crashing to the ground, just as he predicted that it would. I doubt that it gives him any pleasure. In fact, Friedman told Robert Mundell (the ‘Father of the Euro’) that since the experiment had already been entered into, he hoped that he would turn out to be wrong.
Jerry Bowyer is a radio and television talk show host.
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