hallam@Etna.ai.mit.edu writes:
No, you miss the point. Friedman has become a slave to his theory, he is attempting to push his idea even to solve a situation it clearly cannot.
I don't believe you when you claim that Friedman said what you claim at all. I suspect it is, as most of your other comments have been, either a complete misunderstanding of some actual comments or something pulled essentially out of the air. The claim you have made is so at odds with the Milton Friedman who's writings I have been reading for years (and indeed so out of character for any member of his economic school) that I find it nearly impossible to believe that the article exists as stated. No modern economist would claim that the market solution to preventing a species from going extinct is for people not to buy it. Its one of the msot idiotic statements I've heard in years. As a nobel prize winning economist, Friedman understands things like commons issues and the public goods problem and I cannot believe he would ever make such an inane statment, no matter what you claim. Given your poor record with facts here recently (nearly every assertion you have made about the Hillary Clinton case, from claiming she was trading options when she traded futures to obviously having no knowledge of the size of her trades), I will want to see a reprint of the article you claim exists before I will accept that there is any validity to your claims whatsoever. Perry