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.
- In our opinion: Paul Ryan's promising...
- Involve Utahns in national monument designations
- Letter: Welfare reform
- Carmen Rasmusen Herbert: Becoming mentally...
- Legitimate, productive businesses are...
- In our opinion: Federal contracting executive...
- In our opinion: Timing is right for the...
- Helping kids master what matters: Emotions,...
- In our opinion: The Affordable Care Act... 80
- Can a news channel 'solve problems'? 54
- In our opinion: Paul Ryan's promising... 53
- Capitalism and the common good:... 45
- Join the discussion: Is feminism... 39
- In our opinion: Timing is right for the... 39
- My view: A global warming solution to... 36
- In our opinion: Federal contracting... 36