In Thursday’s Journal, Daniel Henninger recommended we all “reread the apostles and evangelists of private economic growth — Ronald Reagan’s “A Life in Letters,” Milton Friedman’s “Free to Choose,” Henry Hazlitt’s “Economics in One Lesson.”
By happy coincidence, I received via mass email, one of Milton Friedman’s great TV moments.
It’s short; please watch.
As one of my economic heroes was fond of repeating, government is at its best (historically AND its best is not saying much) when its efforts are both simple & targeted.
There is nothing about TARP, Obama’s stimulus, Obama’s budget, Obama’s cap-and-trade, or Obama’s proposed TARP-2 that fits either of those criteria. These are all proposals from men (& a few women) who think they can manage the economy from above better than individuals can on their own.
We’ve been down that road before. A bunch of times. Let’s not go there again.
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