13 thoughts on “Milton Friedman, you will be remembered”

  1. Trickle down economics. Acorn needs to move to America
    and become a Libertarian. He represents people who have try to undo
    Roosevelt’s New Deal. Only miracle that America has since the 70s is
    the coupling of dollar to Oil. Which allow them to use the world as their tax base. borrow from Social security, destroy the pension system by going to 401K which will basically put all the baby boomers in the poor house. I can go on. but it would be waste of my time. plus your only attack will be calling me a socialist.

  2. An, what, you don’t like labels? You don’t seem to mind giving one.

    It’s amazing to see the your faith in utterly incompetent and useless government in taking your money and spending it as it sees fit without providing for even the basics that people need (including for those trickle downs, as you put it). Obviously you don’t live in India.

    Nitin, he is the closest economic mahatma you and others have called for. While he convinced most Americans, we still have a long way to go.

  3. an, about the baby boomers, I happened to be shown around a newly built condo costing half a million. I was worried about the resale value in 2-3 years time, when the agent told me that i should be able to sell it to baby boomers!

  4. http://www.counterpunch.org/grandin11172006.html
    Miracle of Chile or Mr. Friedman’s theory put into practice.

    Look at Iraq, Mr. Friedman’s economic theory put in practice just
    read “Imperial Life in the Emerald City”.

    India too can become superpower, if that is what you want.
    Just give Corporations, the right of the individual and tie
    money with free speech. lower taxes. borrow heavily, Spend like crazy and export the inflation to other countries. Tie the rupee to major
    commodity that world would need in the future.

    Only reason, Corporations are flocking to India and China is because
    they need 20% growth rate to sustain their miracle. once that disappear.
    They will disappear too. So enjoy the good life while you can.

    sriram, I can’t believe you actually believe that a real estate agent is working for
    you. May be you should look up “Housing Bubble” in the dictionary.

    Kaul, When you can’t argue on merit than you definitely need to call names. by all means please try.

    Chandra, Mr. Freedman did not convince the american people of anything.
    He convinced the corporations and politicians. Sadly most of you don’t
    know american history to know any better. This kind of corporate control
    did exist after civil war. people revolted against it twice. So the history repeats. The fact that republicans lost should tell you which direction they are going. They will not allow the jobs to go oversees and still buy all the crap forever.

  5. an,

    You should read the caveat that appears above the comment entry box. Backing your opinion with your real name adds more credibility to it. Someone going by the name of an, with the email address of an@non.com can hardly call anybody anything.

    If you don’t tell others who you are, others are fully entitled to call you by any name of their choosing.

    As you can see, this blog holds Friedman in high regard. His obituary would even have been the right forum for an intelligent and civil debate on his legacy.

    What I’m puzzled about is that you yourself said you “could go on.but it would be waste of my time”. That’s right. You shouldn’t have bothered to waste some in the first place.

  6. an, counterpunch! I thought you had something better.

    Friedman surely didn’t convince you. I guess you would rather have left wing dictatorship with no economic growth in Chile – like the rest of Latin American countries. Chileans are lot better of because of Friedman’s policies despite the tyranny of Pinochet (surely better than the island of socialism Cuba).

    Republicans lost because of Iraq. Democrats surely didn’t win by promising big government and raising taxes.

    “India too can become superpower, if that is what you want.
    Just give Corporations, the right of the individual and tie
    money with free speech. lower taxes. borrow heavily, Spend like crazy and export the inflation to other countries. Tie the rupee to major
    commodity that world would need in the future.”

    Oil and corporations – the perpetual evils in the world. If only they didn’t exist we would so much better off living in villages riding horses, farming away, and living under a benign Marxist dictator. Thanks, but no thanks.

    It’s pretty obvious you have no idea what you’re talking about.

  7. an wrote:

    Sadly most of you don’t know american history to know any better. This kind of corporate control…

    Sadly, an does not know India history to know any better. This kind of government control…

    “We shall not soon forget the tongue-lashing one of us received from a prominent, highly successful and extremely literate Indian entrepreneur-physically the very model of the Marxist caricature of an obese capitalist-in reaction to remarks that he correctly interpreted as criticism of India’s detailed central planning. He informed us in no uncertain terms that the government of a country as poor as India simply had to control imports, domestic production, and the allocation of investment-and by implication grant him the special privileges in all these areas that are the source of his own affluence-in order to assure that social priorities override the selfish demand of individuals.”
    [Source: “Free to Choose-A Personal Statement” by Milton and Rose Friedman, Harcourt Brace Jovanovich, New York, 1980, pp54]

  8. Apollo – If only India had followed his suggestions back then.
    I could have been writing this comment sitting in Srinagar or Delhi.

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