Flashback: Milton Friedman Explains the Economy to a 5th Grader (2003)

Posted by CrabbyCon on Thursday, April 30, 2009 · 1 Comment 

Congress could use some of this sage advice!

So relevant to today… Congress did you hear that governments historically have never had much luck in fine-tuning an economy?  Get the hint and move out of the way!

“The one thing you know about economics is that you don’t know”

Listen to Friedman’s response about steel tariffs – relate that to cap-and-trade; same scenario.  Economics as I learned in college has a cause and effect for everything around it.  It’s very methodical and analytical… I like it! ;-)

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  1. Wall Street to Play Less Dominant Role (Says Obama) : Stop The Liberals Now says:
    May 4, 2009 at 9:43 am

    [...] guess I should point to my recent flashback post of Milton Friedman(world renown economist) who states what massive regulations do to an economy and that the [...]

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