What friedman knows about real-world economics wouldn’t fill a shot glass.
Pour in what o’reilly knows about real-world economics, and you still wouldn’t slop any on the counter top.
Phil Byler
Friedman seems like a strange bird because the initial statement that he makes is correct. He is bright enough to see that you cannot spend yourself out of recession, that jobs are created by entrepreneurs. But then he talks about “increasing revenue,” which means raising taxes and which would undercut an entrepreneurial economy. If Friedman would logically follow through his initial insight, he would have to walk away from the socialists and die hard Kaynesians at the New York Times. But he won’t.
