Washington Post radio had him as the "high priest of trickle down economics," and never mentioned his Nobel ( drive time headlines)
RIP Dr. Friedman, regards and condolences to Rose
R.I.P., Professor Friedman.
Does anyone know why, when I go to the Salon website, I do not see a "sponsor logo" to click on to get the whole article? There is another article I want to read on their website, but I can't get to it.
Almost the entire world has experienced 23 years of solid economic growth (very few recessions and those that have occurred have been minor and short-lived).
Interest rates and inflation have reached their lowest levels in 50 years. Central Bankers the world over know what their main role is. Taxation rates have been reduced to rational levels. Unemployment rates have fallen below the natural rate.
This evidence has convinced Russia and China and Vietnam and 50 other former communist states to join the modern capitalist world. The northern EU states (former bastions of socialism) have also joined the free enterprise world and have prospered exponentially because of it.
We can thank Friedman and the politicians who listened to him (Thatcher and Reagan) for giving us what will eventually be called the Golden Age of Economic Reformation.
OK, so if he's right admit it and come one over.
Brad DeLong and Markos Moulitsas (founder of Daily Kos)
I don't like governments myself. Look at history, and tell what governments tend to do, besides perpetrate atrocities. In the name of the greater good, to be sure.