Going back over old posts, I found one from 6 years ago that covered Milton Friedman. That was in Portuguese, and here I have more.
This is taken from the Q&A following Friedman´s Keynote Address at a Bank of Canada Conference in 2000. Here´s Friedman, on the hot topics of today: The Euro, Inflation Targeting operated primarily through interest rates, and Japan
Michael Bordo: Do you think the recent introduction of the euro will lead to the formation of other common-currency areas?
Milton Friedman: That’s an extremely interesting question. I think that the euro is one of the few really new things we’ve had in the world in recent years. Never in history, to my knowledge, has there been a similar case in which you have a single central bank controlling politically independent countries.
The gold standard was one in which individual countries adhered to a particular commodity—gold—and…
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Sep 04, 2016 @ 13:19:13
Milton was not on his pat malone on this. I recall Kruggers said similar things as well. Indeed My memory had it most economists thought the Euro would mean less flexibility in response to any downturn and VERY tight fiscal policy from countries in a boom within the euro area.
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Sep 04, 2016 @ 13:31:06
There were a few in favour but plenty spoke against it as you say.
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