Thursday, November 16, 2006
True Believer Dead At 94.
Milton Friedman, the truest believer in unbridled capitalism, has died.
I believe it's been said that Friedman had the ear of three presidents. They would be Nixon, Reagan, and Bush. Not exactly a great track record for economic security.
As much as I have long respected his intellectual genius, I could never understand how any economist could openly endorse (or even suggest) that consumers should be thrown to the dogs of industry.