Thursday, November 16, 2006

RIP Milton Friedman

1912 to 2006

Fundamentally, society's resources can be organized in only one of two ways, or by some mixture of them.

One way is by market mechanisms: from the bottom up. The other way is by command: from the top down.
Quoting him is invidious; there are so many jewels:
One of the great mistakes is to judge policies and programmes by their intentions rather than their results.

Hell hath no fury like a bureaucrat scorned.

A major source of objection to a free economy is precisely that it ... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
After Lord Harris, a short while ago, this is another great loss.

The Giants are sleeping.

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