Milton Friedman RIP
Here's the positive. Milton was a beacon of light on issues such as the minimum wage law, free trade, and rent control.
Here's the positive. Milton was a beacon of light on issues such as the minimum wage law, free trade, and rent control.
Milton Friedman died today at the age of 94. His passing is a milestone.
From the 2006 Supporters Summit: Imperialism: Enemy of Freedom, 27-28 October 2006, Auburn, Alabama.
Generally, radicals are dismissed by psycho-historians as people with Oedipal problems, people who, in their unresolved hostility to "the father," are lashing out at the State, or at contemporary institutions.
October 14 is a date celebrated in Pennsylvania, but unfortunately not in other states.
Once we have a market supplied money, we can finally burn the paper trash that fuels government plunder and causes macroeconomic fluctuations. It will be our elegy to the tyranny of money theft.
In his early years at the university, Mises was a left-liberal and interventionist, although he quickly rejected Marxism.
Mises demonstrated that capitalism is an economic system rationally planned by the combined, self-interested efforts of all who participate in it. The failure of socialism, he showed, results from the fact that it represents not economic planning, but the destruction of economic planning, which exists only under capitalism and the price system.
"His outstanding moral quality was moral courage, the ability to stand alone, and an almost fanatical intellectual honesty and candor that refused to deviate or compromise an inch."