Thursday, November 16, 2006


Uncle Miltie died today. Why am I not sad? Oh yeah, because he is the most damaging economist of the 20th century, advocating ridiculous ideas like the flat tax and school vouchers that do nothing but promote the rich at the expense of the poor. I'm also not sad because the his ideas, in the only time that governments truly embraced them, caused the destruction of many South American economies in the 1970s and early 80s, most notably that of Pinochet's Chile. I'm not sad because he and his followers in the Chicago School were more than happy to work with neofascists like Pinochet. Mostly though, I'm not sad because Friedman's death gives me 3 down on my 2006 Death List.