[redmenace]

Milton Friedman Dies
Friedman Debunked the Gospel of Keynes

He will be greatly missed.

[Nix]

<robot chicken> Reaganomics! </robot chicken>

Yes, he will be missed though. One of history's brighter people. 

[Nuke]

nukes theory of economics:

give me all your money and submit to me as my slaves! wahahahahaha!

[redmenace]

<robot chicken> Reaganomics! </robot chicken>

Yes, he will be missed though. One of history's brighter people. 

Which episode was that?

[Rictor]

Erm, let's not pine too much for the man who was the main intellectual promoter of a system which screwed the Third World good and hard for over two decades, causing untold suffering, and continues to do so to a lesser extent. Sure, his libertarian tendencies are welcome in the age when even conservatives have embraced big government, and I will give kudos to anyone who preaches government non-interference, but this is the man who once said that a corporation should be expected to have as much morality as a building.

[redmenace]

Well he was a realist, to some extent. Sometimes, though, depending on the progress in a country, libertarianism might not be the best. Especially in the soviet block countries. Although loosening up capitalistic restrictions is key in those said countries.

[Ford Prefect]

I'm pretty sure I would agree with that statement. I think we have to rely on other institutions to check the fundamentally amoral nature of the private sector. We can't expect it to keep itself under control.

[redmenace]

The only thing you really can do is make it so damn expensive to break the law, that the risk is not worth the return. AT THE SAME TIME, laws need to be unambiguous and judges should not seek to legislate(conservative and liberal).

[Sarafan]

Erm, let's not pine too much for the man who was the main intellectual promoter of a system which screwed the Third World good and hard for over two decades, causing untold suffering, and continues to do so to a lesser extent. Sure, his libertarian tendencies are welcome in the age when even conservatives have embraced big government, and I will give kudos to anyone who preaches government non-interference, but this is the man who once said that a corporation should be expected to have as much morality as a building.

And as a resident of the Third World, I say only god knows how much that screwed us up.

The only thing you really can do is make it so damn expensive to break the law, that the risk is not worth the return. AT THE SAME TIME, laws need to be unambiguous and judges should not seek to legislate(conservative and liberal).

Now that I can agree with.

[Hippo]

The only thing you really can do is make it so damn expensive to break the law, that the risk is not worth the return. AT THE SAME TIME, laws need to be unambiguous and judges should not seek to legislate(conservative and liberal).

 

[redmenace]

That bit of wisdom came from a libertarian economist from GMU.