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


To: i-node who wrote (877881)8/4/2015 8:53:30 PM
From: Cautious_Optimist1 Recommendation

Recommended By
bentway

  Respond to of 1579757
 
Milton Friedman the greatest of our lifetime???

Well you well know those right wing talking points about Nobel Prize winners.

Friedman was very influential to Reagan and most big business Republicans. Also influential to Greenspan with a few notable exceptions - who was "trusted" in both party mainstreams.

A monetarist.

Trusted deregulation and business self-regulation. And strict adherence to zero fed discretion for "money created" as they say, now broadly considered a colossal Milton Friedman blunder. Turns out, markets aren't perfect. Who'd a thunk?

A positivist who believed that natural laws as in the physical world, guide the social world. All authentic knowledge is scientific. and empirical to be valid.

He was powerful in his time, and like Marx, had a lot of interesting things to contribute in economics. A giant for sure, but not the greatest.

Who would I choose for the last century? John Maynard Keynes, are you surprised? :-)