So why is what Friedman says perforce the Truth, and what Keynes and Galbraith (who don't have exactly the same views, to say the the least) is the Government Line. What Government, for God's sake? In the case of Keynes, Britain in the twenties? The States in the Roosevelt years? In the case of Galbraith, the Kennedy administration? Sorry, Ter, this is absolute idiocy. What say you of Friedman's own Government Line of the Reagan years? (A GREAT success: that, you'll recall, was when the national debt went out of control because some silly people thought it was possible to cut taxes and increase defense spending, a concept whose fallacy could have been detected by the average five-year-old.)
You're a funny kinda "individualist", Terry. Your heroes and heroines are always absolutely Right, aren't they? And the people they rail against are absolutely Wrong. An extremely simplistic view, and not very individualist. Hey, WE think for ourselves.
Janice |