Free Republic

California governor Arnold Schwarznegger has announced that January 29, 2007, has been declared “Milton Friedman Day” in the State of California. The governor made the announcement on Monday, January 22, during his talk at a memorial service at Stanford University for the late renowned economist. Friedman, who was awarded a Nobel Prize for Economic Sciences in 1976, died on November 16, 2006, at the age of 94. Schwarznegger told those attending the tribute ceremony that he was inspired by Friedman and his ideas on the power of the free market while watching the television program Free to Choose in the...

California continues its tumble into the economic sea. In his Inaugural Address, the Governator promised a "post-partisan" world, but we see evidence of some post-partisan depression. His first big initiative is a proposal for universal health coverage. As part of this sweeping and enormously expensive proposal, he will require all businesses with 10 or more employees to offer insurance to their workers or pay 4 percent of their payroll into a state fund.