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That's an absolute lie. Milton Friedman has never "disowned" the idea of going back to a gold or other fiat-based standard of money; not ever and you're a liar if you claim he did. The gold standard never failed. Not once. If you claim it did, you are once again a liar.
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I'm sorry you can't get your head around basic ecoomic terms Radar. I said Friedman disowned monetarism, which I defined above, if you bothered to actually read what I wrote that. I did not for example, say "Friedman thinks the gold standard sucks" or "The Gold Standard Failed". Thus your origional statement, implying that if we stopped, or limited printing of money, inflation would go away and the economy would be perfectly stable, which is a narrow at best understanding of monetarism in the first place is itself invalid. I don't understand how the gold standard came into that.
As for whether Friedman did in fact disown monetarism, see my attached quote, from the Financial Times. That dodgy little newspaper.