Tuesday, July 31, 2012
Happy 100th birthday, Milton Friedman
Born on July 31, 1912 in New York to Hungarian Jewish immigrant parents (really, these people get everywhere!) and one of the very few economists who actually deserved his Nobel Memorial Prize in Economic Sciences. His analysis cannot be bettered. Sadly, politicians in what is laughingly known as the free world (mind you, things are relative as I remember every time I look at Russia or China) do not have the ability or the courage to follow his ideas at all.
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I vividly recall arguments in our sixth form 'A' level Economics class. Sometimes, they were heated affairs; between the Keynsian/ classicists bonkers reflation lax money nutters and the Milton Friedman mob - our mob always prevailed, Monetarists rools OK and should do so now - what ever happened to common sense, low spending and keeping the government out of the bloody way?
ReplyDeleteWhat, indeed?
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