Tag: economics
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Limits to Common Sense
Today’s Hamilton Spectator (September 31, 2019) has an opinion piece by Matthew Lau in praise of economist Milton Friedman, founder of the “Chicago School” espousing the virtues of unrestrained free market capitalism. He cites two of Friedman’s ideas, which he treats as obvious: “nobody spends somebody else’s money as carefully as he spends his own.”…