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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (732244)	8/12/2013 1:20:52 PM
From: bentway	Read Replies (2) \| Respond to of 1578347

KRUGMAN: Milton Friedman, unperson.“What ever happened to Friedman's role as a free-market icon? The answer to that question says a lot about what has happened to modern conservatism. Friedman, who used to be the ultimate avatar of conservative economics, has essentially disappeared from right-wing discourse. Oh, he gets name-checked now and then -- but only for his political polemics, never for his monetary theories…How did that happen? Friedman, it turns out, was too nuanced and realist a figure for the modern right, which doesn't do nuance and rejects reality, which has a well-known liberal bias. One way to think about Friedman is that he was the man who tried to save free-market ideology from itself, by offering an answer to the obvious question: "If free markets are so great, how come we have depressions?"” Paul Krugman in The New York Times.