
Episode 2 – Milton Friedman Speaks – Myths That Conceal Reality (Podcast)
Free To Choose Media Podcast
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We're Going to Keep on Our Present Line
If that energy programme were adopted, then i might very well change the forecast i've been giving you. Then i might expect a recession to develop in 19 78. And i might expect double digit inflation y 19 79. But as i say, fortunately that programme is not going to be adopted. However, unfortunately, a sensible programme isn't going to be adopt either. We're going to continue with our present programme which will have the effect sort of mildly hobbling us,. Enabling that cartel to last longer than it otherwise would. What happens in that age energy area is a major imponderable for the short term. Long-term prospect depends entirely on what we do if we continue down
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