Great article. Thanks.
Pinochet was in a unique position. As a dictator, he could MAKE these changes and fortunately chose wisely. Friedman was the best. In countries like Argentina, you have an intransigent bureaucracy that refuses to let go. Pinochet could get rid of this issue.
Same in the US. The world is changing to flat taxes and private pensions, while the US snoozes. Meanwhile, everyone in the US Congress has their own private pension, which is different from our Social Security System. I wonder why Congress doesn’t agree that whatever is good for the general public should be the same as their system. Hmmm
Indeed he was.
We've lost him and Reagan and now Buckley. Do we have anyone in the wings?
I'm surprised at "Ahnald" - he got his business smarts direct from Friedman - and built his mega personal fortune.
In 'managing' California, it seems he's forgotten everything he knew...
Too much pillow-talk influence?