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

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! ;-)