Friday, January 14, 2011

Milton Friedman as an Economic Liberal

It's a measure of how looney things have become that Keynes and Friedman are closer in an economic sense than Friedman and the purported "conservative" economic thinkers (or at least those conservatives who profess to be thinking about economics). Ron Paul and others who present themselves as a conservative alternative to Keynesian economics are actually far on the fringe of economic thought. Their theories have no relation whatsoever to fact and are refuted by all of modern economic history.

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