Raise Your Glass!

In honor of the 100th anniversary of Milton Friedman's birth.

There's still no free lunch.

Replies

  • yataheyyatahey Senior Member Posts: 5,605 Senior Member
    I'll be sure to trickle down on his tombstone.
    "When the goin gets weird, the weird turn pro." Hunter S. Thompson
  • JulietJuliet Posts: 0
    I likes to play his board game Monopoly when I was a kid.
  • George KGeorge K Super Moderator Posts: 9,693 Senior Member
    Glass raised.

    You might enjoy this opinion piece:

    Indeed, despite their frequent invocations of Friedman, conservatives have long since abandoned the principles of his Chicago School remedies in favor of more stern solutions advocated by Austrian economists Ludwig von Mises and Friedrich Hayek. They want to reduce the size of the state as fast as possible by slashing government spending, paying off public debt quickly, cutting taxes and removing regulations from business.

    http://www.washingtonpost.com/opinions/how-conservatives-misread-and-misuse-milton-friedman/2012/07/27/gJQAcrISEX_story.html
    Keep your stinkin' government hands off my Medicare.
  • JulietJuliet Posts: 0
    Mr. Wapshott doesn't come close to getting this right. He seems to neither understand Friedman, nor Hayek, nor conservatives.

    While Friedman and Hayek disagreed about the effects and mechanisms of monetary policy, along with the importance of economic theory versus empiricism, both were staunch proponents of free market economics and classic liberalism. The latter is why we should raise a glass.
  • creekguycreekguy Senior Member Posts: 3,905 Senior Member
    I will raise a glass, but can't really afford the good stuff to put in it anymore. Seems the bankers bought it all.

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