June 9, 2009
More on the Fischer Black Model
June 9, 2009
The Purpose of the Public Health Insurance Plan
June 8, 2009
Justin Fox, Fischer Black, Tyler Cowen
June 8, 2009
Limits to Progress?
June 8, 2009
Behaviorial Geneticists versus Policy Implications
June 7, 2009
Isn't That Just an Asian Effect?
June 7, 2009
Forecasting
June 6, 2009
On Being Certain
June 6, 2009
Obama on How Markets Reduce Racial Discrimination
Milton Friedman's entire series Free to Choose is also now on google.
http://video.google.com/videosearch?q=free+to+choose
In my opinion, he is wrong about flat taxes.
Let me expand.
Milton claims the an economy which is 40% government is too much government, and his theory of government stops there. One cannot be a good economist unless one can explain 40% of the economy.
Since he as no real theory of why we have so much government, one might start by applying a private sector economic theory to government and see if that helps. What Milton says is that we need lower taxes and lower spending. As a first shot at explaining goverment, that proposal runs counter to supply and demand. Somethings wrong.
The clip is depressingly timely.
Perhaps Milton should read more of John Meynard Keynes and his Treatise on Probability.
Milton claimed, in the interview, the United States is heading the way of the totalitarian regimes of Great Britain and Chile. Keynes stated in Treastise the future is uncertain, and there are some things in life "....we just do not know [sic]".
-William