Wednesday, January 31, 2024

Milton Friedman

Just started Milton Friedman: The Last Conservative by Jennifer Burns and so far enjoying it very much. Some quotes from the first chapter (not in order but this way they make more sense to me):

The return of inflation in 2021 - increasingly understood as the result of a textbook Friedman-style "helicopter drop" of money - suggests the time is ripe for another rethinking of his legacy.

Friedman was fearless in his intellectual quest - never afraid to be wrong and, more important, never afraid to be unpopular.

As it did for many American Jews, the Holocaust loomed large in Friedman's imagination. Characteristically, Friedman took this awareness in an unusual direction seeing anti-Semitism as a ready lesson in the dangers of the state.

But why do I call Friedman the last conservative? I settled on the title with some trepidation, as I am well aware that Friedman himself rejected the label. He preferred to call himself a liberal - meaning the classical sort, a believer in limited, representative government, free trade, and individual rights.

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