Milton Friedman on greed...
March 04, 2009 05:23 PM EST
(Updated: March 04, 2009 05:43 PM EST)
Milton Freedman was one of the better (not best as he gave us tax withholding but pretty good on balance) economists for the last half century. He was witty enough to hold his own on TV shows and even get invited to the Phil Donahue show. Of course that was when Americans actually wanted to learn things, even if necessary from their political opponents.
He was a Noble Prize winner, not from defending a disproved archaic 16th century theory like mercantilism ( as did Paul Krugman) but in standing up for the market system and its importance in the world in the 20th century.
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