Word: get
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Dates: during 1960-1969
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...guarantee. It would provide direct cash grants that poverty-level families could spend any way they pleased. He argues that most current programs to help the poor either wind up aiding the better-off instead or place humiliating restrictions on what the poor can do with the money they get...
...forced to vacate bad housing and occupy worse." SOCIAL SECURITY. "It is a means of taxing the poor for the benefit of the rich. If you are poor, you start to work earlier in life, yet your life expectancy is shorter, and if you work after 65, you get less benefits...
...High-income people come off better. If you have property, you get the benefit of this, plus social security. The system redistributes income from the young (rich or poor) to the old (rich or poor). I think we ought to help the poor indiscriminately." GOVERNMENT PRIVILEGES. "All over the world, the predominant source of great increases in private fortunes over the past several decades has been Government privileges." For example, the issuance of radio-TV licenses is "an enormous giveaway of valuable capital sums to individuals who are not low-income people." Friedman also holds that the Federal Communications Commission...
INFLATION. Friedman challenges the popular theory that full employment and price stability are incompatible. "The belief, like most of those propositions that get widely accepted, is a half-truth," he argues. The two goals conflict over brief periods when an economy is shifting from one rate of inflation to another, he concedes. But over any period of five, ten or 20 years, says Friedman, fast economic growth and full employment can be meshed with stable prices...
...Friedman's popularity on the campus; in addition to his 30 regular students, another 100 drop in to his classes to listen. Some of Friedman's followers do take too literally the ideas that Friedman states in extreme form partly for shock value. "That is an effective device to get people's attention," Friedman admits. It also adds zest to economic dialogue. Samuelson says: "To keep the fish that they carried on long journeys lively and fresh, sea captains used to introduce an eel into the barrel. In the economic profession, Milton Friedman is that...