Money is Evil
Out of context: Reply #102
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- ukit0
Here's the thing though, blitznutty - we are already living in Milton Friedman's world. Most of the policies enacted in America over the past 30 years are ones Friedman would have enthusiastically approved of.
Even a "leftist" like Obama (left by American standards, not world standards) is being advised by a team of people that have ties to Friedman. People like Christina Romer or Austan Goolsbee came out of the Chicago School of Economics where MF taught and had a big influence.
So seeing as how American society in general is less well off now than 30 years ago, what does that say about this kind of thinking? Can we say the same about Friedmanism that we did about Leninism, well-intentioned but unworkable in practice? Maybe it's time for some new ideas.