November 16, 2006

Milton Friedman (1912-2006)

Brilliant, brilliant man. Nobel prize winner for economics in 1976. Wonder why tax cuts spurred such strong economic growth in the 1960's, 1980's and the last three years? Friedman knew. Economics is like a natural science in that it follows natural laws; laws of human nature rather than mother nature. When you try to artificially change these natural laws you get...as you do in science...disasterous unintended consequences. Friedman understood this well.

I highly recommend his excellent work, "Free To Choose".

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He was 94. And he will be missed. R.I.P., Uncle Milton.

Posted by: Gary at 02:05 PM | No Comments | Add Comment
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