My Friend, Joey, says that Milton Friedman, in his view, is still the foremost economist of our times.
I respectfully and vehemently disagree. Keynesian economics are being proven correct everyday, and adapting those principles to the current world-wide meltdown is the only hope we have.
I know for certain nothing good has come of the unbridled greed Milton Friedman and his disciples unleashed on the world. Google Pinochet and The Chicago School of Economics. Read Naomi Klein's The Shock Doctrine, which details the worldwide effects of violent "revolutions" launched by Friedman's minions--with the ardent cheerleading of most every neo conservative voice in America in the past 40 years.
The 20+ year old clip of Friedman appearing on Phil Donahue's show (below) merely underscores the utter folly of following the economic philosophy of the greed-driven egomaniac Friedman. He snidely and condescendingly touts GREED to Donahue as though it is intrinsically good, using only "everybody does it" as a rationale.
Its very possible to be a traditonal fiscal, economic and monetary conservative without channelling Friendman's rapacious greed.
Thanks for sending the clip, Joey. It illustrates well why American hegemony is decried all over the civilized world.