Towards A Good Samaritan World

Friday, November 17, 2006

A surprising tribute to the late Milton Friedman from Bush-hating economist Brad DeLong. An interesting twist:

Sometime empirical circumstances could win Friedman some unexpected allies. Left-wing Mayor Ken Livingstone's congestion tax on cars in central London is an idea straight out of Milton Friedman. Friedman's negative income tax is one of the parents of what is now America's largest anti-poverty program: the earned-income tax credit, which was greatly expanded by Bill Clinton.

Liberals should take their cue from Friedman for another great anti-poverty program: education vouchers. Oh yes, and Social Security private accounts. (As my onetime roommate Phil Kerpen once pointed out to me: Social Security reform basically means the workers owning the means of production.)


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