lanny ebenstein is our guest . >> thank you very much for taking my call.ed to say he was a libertarian, not a conservative, is that right? >> he considered himself a libertarian in his philosophy, but a republican or conservative at the time in his political registration. >> next call is caches in stone mountain, georgia. cassius, we are listening. >> hi there, thanks for taking my call. i have a two part question, the first is, what in your opinion would be mr. friedman's perspective on where our economy is right now? what would you say would behis remedy to reducing thmoney supply >> thank you, sir. >> if milton friedman were to give advice right now, it would be to stop raising interest rates, and lower interest rates. you don't cut inflation by lowering interest rates, you simply hammer the economy. i think he would say that we should focus on money supply, rather than interest rates on the monetary policy, and that the federal government should try to reduce its spending to the greatest extent possible. those would be the two courses i think he would