Monday, May 10, 2021

Killing Freidman

 Link to NR column.

A little hard to do since he died in 2006, but the dead are a major part of the Cadaver In Chief's constituency ... could the dead be the opposition? Things like ideas and principles are easy to ignore, but they often take over when you really desire to ignore them most (age and death being great examples). 

Milton Friedman, whose empiricism led him to embrace free-market public policy, was the most influential economist of the second half of the 20th century. But Biden has a weird habit of treating Friedman as a devilish spirit who must be exorcised from the nation’s capital. For Biden, Friedman represents deregulation, low taxes, and the idea that a corporation’s primary responsibility is not to a group of politicized “stakeholders” but to its shareholders. “Milton Friedman isn’t running the show anymore,” Biden told Politico last year. “When did Milton Friedman die and become king?” Biden asked in 2019. The truth is that Friedman, who died in 2006, has held little sway over either Democrats or Republicans for almost two decades. But Biden wants to mark the definitive end of Friedman and the “neoliberal” economics he espoused by unleashing a tsunami of dollars into the global economy and inundating Americans with new entitlements.

As we can see from the Cadaver administration, reality seemingly isn't running the show either.  

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