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.
- Letter: Peanut butter ban?
- Letter: Pay for your share
- In our opinion: Supreme Court rules...
- Drew Clark: What President Obama does well:...
- Ron Clegg: Primary seat belt law will save lives
- In our opinion: Parents reading to young...
- Letter: Repeating past mistakes
- John Florez: Education is 'app' to change...
- In our opinion: Obama's State of the... 70
- Jay Evensen: Obama must make religious... 54
- In our opinion: How immigration reform... 43
- 6 important takeaways for families in... 37
- In our opinion: Supreme Court rules... 35
- Letter: Not so lazy 34
- Jay Evensen: Leave free tuition... 31
- Doug Robinson: NFL overtime rules need... 26