Word: miltonic
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Dates: during 1960-1969
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Attired in a flashy crimson shirt and surrounded by security police, Apolo Milton Obote, the President of Uganda, was making his way through a cheering mob. He was leaving Kampala's Lugogo Stadium, where his ruling People's Congress had just approved his "Common Man's Charter," which was designed to turn his country into a socialist one-party state. While the army band blared out the party song, "Uganda Is Marching Forward," three shots rang out. Obote, 44, a onetime herdboy who led his country (pop. 8,000,000) to independence seven years ago, clutched...
...tailored mutual-fund advisers and entertained them with unexpected quips and sallies. Later he spent two hours answering questions from some 50 Harvard and Radcliffe students who, unhappy with the schools' accent on Keynesian precepts, have recently formed the Association for the Study of Friedman Economic Doctrines, or "the Milton Friedman Fan Club...
REACTION to his ideas, says Milton Friedman, follows "a certain scenario." Act I: "The views of crackpots like myself are avoided." Act II: "The defenders of the orthodox faith become uncomfortable because the ideas seem to have an element of truth." Act III: "People say, 'We all know that this is an impractical and theoretically extreme view?but of course we have to look at more moderate ways to move in this direction.' " Act IV: Opponents "convert my ideas into untenable caricatures so that they can move over and occupy the ground where I formerly stood...
...supreme self-confidence and good-humored needling expresses the personality that makes some of Friedman's sharpest critics consider themselves close personal friends. One admirer, Labor Secretary George Shultz, quotes a former colleague at the University of Chicago as saying: "I wish I were as sure of anything as Milton is about everything...
...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...