thedailybell.com / By Staff Report / March 13, 2013
Thirty-five years ago, Milton Friedman identified our problems with the rising cost of energy – government policy. - LibertyPen at YouTube
Dominant Social Theme: Scarcity is a fact of life.
Free-Market Analysis: Milton Friedman is not our favorite free-market thinker in part because he invented the idea of government “withholding” of income taxes and that is because of a strange fascination with central planning –steady Particularly with the idea of creating a state Federal Reserve .
Friedman wanted to believe that if a central bank produced only a fixed amount money every year than The Possibility of large boom / bust business cycles will be minimized. It always seemed to us this was a naïve perception as no one knows how much money will need to economy in a given period of time.
However, Friedman had many. Free-market insights that were far more acute and positive than the ones mentioned above