Circa 1977. Milton Friedman (June 26, 1912 November 16, 2006) was an American economist, statistician and public intellectual, and a recipient of the Nobel Memorial Prize in Economic Sciences. He ...
Circa 1977. Milton Friedman (June 26, 1912 November 16, 2006) was an American economist, statistician and public intellectual, and a recipient of the Nobel Memorial Prize in Economic Sciences. He is best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. A global public followed his restatement of a political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession. Friedman's many monographs, books, scholarly articles, papers, magazine columns, television programs, videos and lectures cover a broad range of topics in microeconomics, macroeconomics, economic history, and public policy issues. The Economist hailed him as "the most influential economist of the second half of the 20th century possibly of all of it". http://en.wikipedia.org/wiki/Milton_f...
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I think Friedman is wrong here. The political leaders not only desire political gains but financial gains. Therefore you see Congress voting for the bailouts even when the majority of the country didn't want it. (and this happens on many other occasions) What Congress does is they talk about the right things and make excuses to reap political profits during their elections, and then do the opposite to reap financial gains from the corporations and special interests.
true but if RP became president he would lose his credibility the moment he stepped into office. he's more effective on the fringes. Same goes w/ peter schiff.
Societies have become freer and freer? Maybe I live in a different universe, but in mine government has grown and grown, freedom has been more and more quenched.
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The political leaders not only desire political gains but financial gains.
Therefore you see Congress voting for the bailouts even when the majority of the country didn't want it. (and this happens on many other occasions)
What Congress does is they talk about the right things and make excuses to reap political profits during their elections, and then do the opposite to reap financial gains from the corporations and special interests.
O rly?
or is it the other way around?!