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Milton Friedman

by admin on April 30, 2009


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{ 2 comments… read them below or add one }

Jimmy Goodwin April 30, 2009 at 22:06

Wow, this guy really hit it on the head here. When people are allowed to look out after their own self interest then we as a society will all benefit.

Alex Fabijanic May 2, 2009 at 13:33

Much like with Greenspan, one wishes Friedman lived what he preached. First of, he was the architect of government withholding income taxes. And then he says (see http://www.reason.com/news/show/29691.html for the whole interview):

“I have no apologies for it, but I really wish we hadn’t found it necessary and I wish there were some way of abolishing withholding now.”

Duh, Milton, that’s not how it works with governments.

Second, he was a proponent of central banking and “controlled” increase of the amount of money. My question is: how does centrally-planned financial segment fit into the free market?

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