Word: friedmanism
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...Free-Market Man Ben Stein wrote an over-the-top, utterly misguided eulogy for economist Milton Friedman [Nov. 27]. Friedman thought that freedom comes primarily from laissez-faire capitalism, meaning government should leave business alone. This concept was useful at the time of the American Revolution but is anachronistic now. Even Adam Smith said that when men of the same trade meet, they conspire against the public. Friedman's thinking provides a rationalization for government to turn business loose to monopolize the market, exploit the consumer and pollute the environment. Harry L. Cook Ashland, Oregon...
...study’s authors—Friedman Professor of Law Lucian A. Bebchuk, Yaniv Grinstein of Cornell University, and Urs Peyer from the Paris-based business school INSEAD—found that board directors at 6,500 companies received “lucky grants” or backdated options for which the strike date is timed in order to maximize profit...
...Stein wrote an over-the-top, utterly misguided eulogy for economist Milton Friedman [Nov. 27]. Friedman thought that freedom comes primarily from laissez-faire capitalism, meaning government should leave business alone. This concept was useful at the time of the American Revolution but is surely anachronistic now. Even Adam Smith said that when men of the same trade meet they conspire against the public. Friedman's thinking provides a rationalization for government to turn business loose and empower it to monopolize the market, exploit the consumer and pollute the environment. HARRY L. COOK Ashland...
...enjoyed Stein's tribute to Friedman. Surely, it is a difficult task to write an adequate epitaph for a Nobel prizewinner who had a positive impact on hundreds of millions of people around the world. Friedman defied the political correctness of his day to show that America's unique success was due to its founders' creation of a system that minimized the government and maximized personal and market freedoms. ROGER E. HAUGO Sioux Falls...
...heart Thomas L. Friedman. I mean, the guy’s completely full of crap 87% of the time, but his writing style has basically changed my life. Dave Eggers can go suck a dong—Tommy Friedman has the most interesting narrative voice in print today. You know why? Because, like all good fairy-tale children’s-book writers, he understands the power of repetition. So, without further ado, here are my top 5 favorite Thomas L. Friedman tropes of 2006. 5. Exclamation Points! Tommy travels a lot. He talks to “entrepreneurs?...