PrintJune 2, 2009
Don't Cry for Milton
Where's the next Milton Friedman coming from? That's what Club for Growth founder Stephen Moore wants to know. With the ongong "assault against global capitalism" coming out of Washington,I become more nostalgic for one missing voice: Milton Friedman. No one could slice and dice the sophistry of government market interventions better than Milton.Friedman was a realist. Despite the success of his ideas he expected people would be seduced by collectivist ideas again... [So today] it is Milton Friedman and his principles of free trade, low tax rates and deregulation that are standing trial as the murderers of global prosperity.Lefty economists like Joseph Stiglitz and James Galbraith and pop authors like Naomi Klein are conducting a triumphal march over the intellectual grave of Friedman. Meanwhile "Milton Friedman: Proud Father of Global Misery" stickers are turning up on mail-boxes all over.Let's not give way to pessimism, folks. ...(Read Full Article)
