Thursday, July 31, 2008

Don't remind me

On the birthday of the late Nobel economist Milton Friedman I have to admit that I find his insights more and more compelling. Here's one:

"The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself."

Like many Christian Socialists I have managed for most of my life to avoid and deny the obvious wisdom here.

1 comment:

David Lucas said...

Can I just say how much I admire this comment... you really must try some Hayek.

Amongst the moderate, thoughtful, and pragmatic I think there is a lot of room for convergence on an understanding of the human condition.