Stephen Moore wrote this excellent editorial today on Milton Friedman, a proud father of global capitalism, who passed away in 2006 at the age of 94.
Friedman – like Reagan – had a way with words that helped capitalism to become a populist ideal. Unfortunately, socialism is becoming the new populist.
If you haven’t seen this you tube clip of Friedman being interviewed by Phil Donahue on the subject of greed, it is a must view. While all social programs are well intentioned, they deny humanity’s tendency towards self-interest and therefore are inevitably inefficient.
Enjoy the weekend.
