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.