The weather has turned cold in Texas...yes, that is a bit odd, but it does happen. And as a result, with no golf available, I've done some reading....light but "enlightening"....that has led me to a conclusion:
Milton Friedman is of the greatest minds of our time, REGARDLESS of the subject.
Milton Friedman was a recipient of the 1976 Nobel Prize for Economic Sciences and was a major contributor to the economic "good times" that were the 1980's as an economic advisor to President Reagan. Philosophically, he was an ardent supporter of free markets with minimal governmental interference. One of his great quotes:
"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
He has been called the second most popular economist of the 20th century after John Maynard Keynes, which is ironic since many of his theories were refutations of Keynes' theories as anti-free market and, in many cases, the implementation of Keynesian economic theory did more harm than good.
To read more Friedman quotes:
http://townhall.com/columnists/johnhawkins/2011/11/29/10_of_the_best_economics_quotes_from_milton_friedman
http://www.brainyquote.com/quotes/authors/m/milton_friedman.html
He also was a frequent guest on television shows and probably his most memorable appearance was on the Phil Donahue in 1979.
http://www.youtube.com/watch?v=DvNzi7tmkx0&feature=player_embedded
No comments:
Post a Comment