Another reason why we miss Friedman

Here.  If he was around to push the policy debate maybe we wouldn’t be in this much of a mess.

On that note, people who know nothing about economics or the allocation of resources more generally like to demonise Friedman – this is nonsensical.  The guy pushed for a negative income tax/minimum income level, he wanted us to accurately respond to the trade-off’s inherent in monetary policy, and he wanted to improve institutional structures to help protect individuals.  People like Naomi Klein who turn around and try to treat him like the bad guy of the past 60 years are living in a fantasy world.

  • Kimble


    If you want to get some more comments, I would suggest a post praising Friedman, criticising Klein, that also discusses some ridiculous Green party policy.

  • What Kimble says.