Tag: Milton Friedman

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

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

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

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

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