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Tag Archive 'Milton Friedman'

Will Obama’s failure to create genuine wealth finally end Keynesian economics?

on Oct 05 2012 | Filed under: Barack Obama, Economics, Mitt Romney, Presidential elections

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 [...]

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Let’s do the time warp again — Progressives keep urging those failed economic policies

on Jul 09 2012 | Filed under: Economics

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 [...]

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Enacting useless regulations in order to force the transfer of wealth from rich to poor

on Jan 13 2012 | Filed under: Economics

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 [...]

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Milton Friedman, wise and witty

on Nov 29 2011 | Filed under: Economics

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 [...]

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