Word: public
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Dates: during 1960-1969
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...Congress virtually completed action on all 14 major appropriations bills, it was plain that the lawmakers' priorities differed considerably from Nixon's. In three areas-agriculture, public works and transportation-they added a total of $893 million to the funds originally sought by the President. In the other ten, they appropriated a total of $7.7 billion less than requested by Nixon...
...harmful as the public's disenchantment with Lyndon Johnson's Viet Nam policies...
...truly original thinker, Friedman is the author of a dazzling variety of ideas about how nations should cope with myriad matters of public policy. On the question of the international monetary system, Friedman for nearly two decades has been urging the adoption of freely moving exchange rates instead of fixed rates. Now, after a series of monetary crises and devaluations, central bankers in the U.S. and abroad are giving serious study to a modified form of the idea. As early as 1942, Friedman began advocating a negative income tax as a substitute for the nation's demeaning and generally ineffective...
...cannot do better by giving people money. The real drive behind food stamps is not to help the poor; it's to dispose of farm surpluses." Friedman calls the farm-subsidy program, which piles up huge surpluses in grain elevators, "a free-lunch program for mice and rats." PUBLIC HOUSING. "It was instituted in the 1930s to improve the housing of the poor, give the poor a sense of pride, and reduce juvenile delinquency. The effect, in each case, has been exactly the opposite. Public housing is a total failure. The major beneficiaries are the people who sell their property...
Faith in the free market has caused Friedman to condemn many Establishment institutions as monopolies. His targets include the New York Stock Exchange?in his view, a brokers' commission-fixing cartel?and the public-school system. He contends that the Government should issue vouchers that parents could cash at any school they choose for their children. This, he says, would encourage the founding of independent schools to compete with public schools, particularly "in the ghettos where schooling now available is extremely unsatisfactory." He believes that men who work as leaders in the free market should devote their full energies...