Milton Friedman on the Fed

David Levy of the Minneapolis Federal Reserve Bank (not to be confused with George Mason’s David Levy), interviewed Milton Friedman for the bank’s The Region publication. Here is a Levy question and Friedman’s answer:

Region: If you were advising the Federal Reserve, what would you say are the unsolved economic problems of the day?
Friedman: One unsolved economic problem of the day is how to get rid of the Federal Reserve.

Levy, David. “Interview with Milton Friedman.” The Region (June 1992); downloaded 10/05/05 online from: http://minneapolisfed.org/pubs/region/92-06/int926.cfm

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