Friedman’s libertarianism was based on an economics of love: for real human beings leading real human lives with real human needs and real human challenges. He loved freedom not only because it allowed IBM to pursue maximum profit but because it allowed for human flourishing at all levels. Economic growth is important to everybody, but it is most important to the poor. While Friedman’s contributions to academic economics are well appreciated and his opposition to government shenanigans is celebrated, what is seldom remarked upon is that the constant and eternal theme of his popular work was helping the poor and the marginalized. Friedman cared about the minimum wage not only because it distorted labor markets but because of the effect it has on low-skill workers: permanent unemployment. He called the black unemployment rate a “disgrace and a scandal,” and the unemployment statute the “most anti-black law” on the books with good reason. He talked about two “machines”: “There has never been a more effective machine for the elimination of poverty than the free-enterprise system and a free market.” “We have constructed a governmental welfare scheme which has been a machine for producing poor people. . . . I’m not blaming the people. It’s our fault for constructing so perverse and so ill-shaped a monster.”
Tuesday, July 31, 2012
Kevin Williamson explains the genius of Milton Friedman in his NR piece "An Economics of Love."
Saturday, July 21, 2012
This news just came over from Zumix:
Exciting news! We just purchased plane and train tickets, reserved accommodations in London (http://www.airbnb.com/rooms/417549) and Paris (http://www.airbnb.com/rooms/156620), collected copies of everyone's passports, and are pleased to announce that Annual Snowfall, ZUMIX's fabulous all-girl rock band, is heading to Europe!The girls have raised over $6,000 to cover their costs - and they are holding a car wash and a Latin Dance this weekend to raise more! They leave on Wednesday August 1st and return August 11th. During their journey, they will perform at various sites in London and Paris, will visit similar youth/music organizations (http://therhythmstudio.co.uk/), get a private guided tour of IRCAM, an institute dedicated to music and science (http://www.ircam.fr/www_ircam.html?&L=1), meet with amazing international touring artists, do lots of sightseeing and taste-testing, will practice their French, and will serve as our first International Artist Ambassadors - representing ZUMIX abroad! One of the most incredible parts of the planning process has been meeting with their parents.They are so pleased their daughters will have such an incredible opportunity. We are humbled by the love and trust they have for ZUMIX.Big thanks to Strong Women Strong Girls for including Annual Snowfall in their blog: http://swsg.org/annual-snowfall-in-the-summer-support-this-all-girls-rock-band-in-the-their-quest-to-tour-europe/.Hope you are having a great summer and thanks for your ongoing support!Much love!