Posted on 11/16/2006 9:22:30 AM PST by HAL9000
BREAKING NEWS: Economist Milton Friedman has died. Full story to follow shortly.
(Excerpt) Read more at online.wsj.com ...
One of the 25 greatest Americans. A big influence on Ronald Reagan as well.
What a great man. I sat in two of his courses
as a graduate student at Chicago. Truly an inspiring mind.
My first recollection of Friedman was an interview/show on PBS.
He made economic/taxation really interesting.
And he impressed me with the findings that once a population is taxed
at about 40% of their income, the guvmints find themselves in a losing
game because people find any way they can to stop paying taxes, including
just shutting down economic activity.
He was great. I hope somebody can come along and talk good economic sense
the way he did.
Nonsense. He was a small gov't advocate -- a stance that most Americans heartily embraced when they (twice) elected Ronald Reagan by overwhelming majorities.
Your statement might apply to Murray Rothbard, but not Milton Friedman.
RIP
This is a great loss.
One of the Giants! I hope his passing and the honoring of his memory will remind people and our GOP representatives the power of ideas and the power of principles. Milton Friedman was the embodiment of both. As he did, I hope others will stand on his shoulders to advance the cause of liberty and free market capitalism.
RIP to a great mind.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
Rest in Peace!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
It would be easy to implement them now. Carter left every segment of the economy in shambles, and look how the 80s were. If we tried Friedman's ideas again it would be incredible!
This is sad news. It is hard to believe how off-the-wall unvarnished free-market thought once was thought to be before MF. His role in the ending of conscription is also not well-known. I recall hearing a presentation at a conference in which someone noted that during the deliberations by a commission deciding the future of the draft military, a military official (may have been Gen. Westmoreland, but I wouldn't swear to that) said, roughly, that he didn't want an army of mercenaries. To which Friedman replied something like, "So you'd prefer an army of slaves?"
On Milton Friedman's Ninetieth Birthday (Ben Bernanke)
http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/default.htm
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
We lost a great one!
I agree.
But I would still put his writings on a Conservative Book list.
You said it best. Very big loss.
Sadly, it appears that "We are all Keynsians" again.
Because the GOP hasn't shown an inclination towards small gov't since Reagan left office. If Pubbies stuck to their limited gov't roots they'd win every election. ...but the party establishment is too stupid to see it.
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