Our take: In light of the economic pitfalls of the last decade, the ideas and economic theories of Milton Friedman and his position on deregulation have been questioned and called to be fallible. Niall Ferguson, in this address, defends Friedman's theories and explains how these ideas have proven to usually be right.
Milton had this wonderful mage which I repeat all the time and this is what he said:
"You've got a boat, and it has a hole in the front and it's starting to sink and somebody says 'what are we going to do to level the boat?'
Milton says, if you're a socialist you'll bash a hole in the back of the boat.
Read more about Niall Ferguson: 'Milton Friedman's legacy for free-market thinke on Scribd.
- 10 things you never knew about the FBI
- Lawrence and Windsor won't trump Utah...
- In our opinion: The long-term outlook for...
- My view: Balancing personal conviction and...
- Robert Bennett: Hamas and its financial...
- Frank Pignanelli & LaVarr Webb: Re-enactment...
- Letter: Policy disagreement
- Mary Barker: The Romney I may have voted for
- Lawrence and Windsor won't trump Utah... 107
- Mary Barker: The Romney I may have... 72
- Stuart Reid: Translations of religious... 61
- Dan Liljenquist: Religious liberty and... 50
- In our opinion: History will remember... 46
- Letter: Breeding hate 44
- Letter: Policy disagreement 43
- In our opinion: The long-term outlook... 42