>>>Friedman said he's spent several years trying to figure out why private industry doesn't do more to promote the idea of diminishing government regulation, and said he hasn't yet found the answer.
>>>
Friedman seems clueless on more than one issue. This is the same guy that said huge trade deficits would eventually cancel out because of money effects, whether or not both sides were playing by his rules. Well, I swallowed that one hook, line, and sinker, back in my Reagan Democrat neo-conservative days. The Laffer Curve too. What an embarrassment.
Message to Friedman: "Hey Milty, the input-output chart was nice. I still have one. Used to keep it on the wall. Other than that, just shut up, please. Think about retiring while you're not any further behind in the prognostication game."
Milton Friedman, poster boy for the "Americans are all giant suckers, come take a slice out of the 'Big Fish', before it's all gone!" theme that plays loudly and constantly everywhere in the world but here. In Asia, they love this free trade nonsense. More proof of the decline of the West.
This guy doesn't understand why we need the government in business. Who the hell has been paying him all these years, to stick his nose into business? Mostly institutions, including government funded enterprises like universities, I bet. Personally, I don't think he or most economists could run a successful laundromat.
Well, the TV just started playing the music for 'Firing Line', which means it's 1 am here in San Francisco. Popular show here. :-) Time to go.
Goodnight all,
Chaz |
