Milton Friedman - How Politicians Can Cause Another Great
Depression  By: Larry Cyna | Wed, Sep 19, 2012 Print Email  The
US Debate over Quantitative Easing  We have an interesting
debate going on in the US Presidential campaign. On one side are
people claiming that government handouts are ruining America and
the government must immediately stop incurring debt, and go to a
balanced budget.  On the other other side are people claiming
that the economy needs boosting and the government must be
cautious, but at the same time must provide more liquidity to
the economy when needed. The result is the Fed buying more bonds
and incurring more debt.  A Debate Resting on Slogans and Lack
of Understanding  The debate is somewhat ludicrous as it relies
on 'catch phrases' and slogans, rather than an analysis of the
facts and an understanding of economics and history. Democracy
involves trying to tell people who have only a passing interest
in the detail of the debate, why they should vote for one view
or another. Why and