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with the permission of Fortune, ©1984, v. 109, May 14, 3!" r _ 3' . ‘)9 ‘ ‘ ‘ v’ g. “ i 0,. a , _ v - .} ,' .. to \ , I . ‘ .4 , ~ . Economist Paul Craig R0 1984: 221, 222. I berts HVIS JDV lH““(lIlVM CHIN
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rvvwuav ornu mm ouo S By Milton and Rose Friedman Harcoun Brace Jovanovich - 1829p - $10.95 THE FRIEDMAN REMEDY ms FRIEDMANS: A conssnvrnvn nsvournon BY ooNs1'rn.moN.u. AMENDMENT FORWASIIIIIGTOIPS PARALYSIS strong streak of populism has al- Aways run through Milton Fried- man's brand of conservatism, just as it has in the conservatism of President Ronald Reagan. In this popu- list
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(Nobel Frize in Economics, 1976) and David Meiselman (Professor of Economics) think that restoring incentives takes time and should be part of a long-term program. Fur- thermore, Friedman disagrees =-that Reproduced with the permission of Business Horizons, ©1984, Nov.-Dec- 1983: 81'82-
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/November-December 1983 even to large tax cuts. —i These issues about the timing morflarisxs’ and supply-Sidtffi and tactics of supply—side eco- think ‘hm the), would bc wise to I nomics are only part of the general spend somc time with this debates. Of great concern to those book. [:3 atthe conference was the conduct of monetary policy. Frank Morris (President of the Atlanta Fed) and Alan Reynolds (Chief Economist
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to those who are horrified by the inflexibil- ity of government by constitutional amendment. But to them, their book pre- sents an obvious and useful challenge: If you don’t buy its ideas, come up with a better way of putting economic policy back on the right track. To this reviewer, the Friedmans’ most persuasive case is for a constitutional amendment to reform the tax system. The 16th Amendment, ratified
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