A savourer

Steve Randy Waldman rend hommage en passant à Milton Friedman :

Yves Smith has done a beautiful job of describing the ridiculous awfulness of today's "restructuring" [NB: bailout de l'assureur AIG qui s'est baffré d'argent public]. More importantly, she uses words with the appropriate intensity and valence: "banana republic", "looting", "Mussolini-Style Corporatism".

For so many years, Milton Friedman passionately argued that there is a relationship between economics and political life. In particular, he believed capitalism to be uniquely compatible with a free society.