Thursday, November 16, 2006
Milton Friedman RIP
Milton Friedman ,the guy who worked for Pinochet to produce record breaking inflation in post-Allende Chile to prove socialism didn't work, has passed on to the great cash register in the sky.
The Wall Street Journal calls him the greatest economist of the 20th Century. Please gimme a break. He was an imitator, a cheerleader for the Austrian School of Economics. He was far from original having merely rehashed and popularized the theories of Ludwig Von Mises and F. Hayek.
Heck he wasn't even the most influential economist of the 20th Century or even the later half of the 20th Century, The real historically important political economists of the 20th Century are Keynes, Galbraith and Joseph Schumpeter.
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