Tweet Many of Obama’s most educated supporters believe in him because they believe in Keynesian economics. Central to that belief is the theory that government itself can be an economic engine. If people aren’t working, have them work for the government or at least have the government fund their ostensibly “private sector” jobs. This theory [...]
Tag Archive 'Milton Friedman'
Tweet The Huffington Post is one of the ugliest websites I’ve ever seen. I’m not talking about content (although I’ll get to that), but about its layout. The left-most column (and that turns out to be a very clever pun on my part) actually has some visual stability, insofar as it allows the hapless visitor [...]
Tweet There’s a famous story about Milton Friedman’s response when confronted with make-work projects: While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn’t used instead of so many laborers, his [...]
Tweet John Hawkins has pulled together some excellent Milton Friedman quotations. I’m embarrassed to admit that, growing up in my Left wing, liberal arts enclave, I’d never heard of Friedman. I wonder if early exposure to his ideas (and his charm) would have lifted me out of the darkness sooner. My favorite quotation from the [...]