I`d like to rebut WSJ`s latest load of nonsense as succinctly as possible:
BRIMELOW Where does the Wall Street Journal`s editorial page campaign for fixed exchange rates fit into this? FRIEDMAN You got me! I think that`s just an aberration. My God, how the hell can they stick with that? They`ve just got an idée fixe about it. Like they`ve got on immigration. It`s just obvious that you can`t have free immigration and a welfare state.
[HOOVER DIGEST 1998, Interview by Peter Brimelow:MILTON FRIEDMAN, SOOTHSAYER]