Word: theys
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Dates: during 1960-1969
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The pastime is a wry reaction to a far more serious numbers game. As fast as incomes rose, the price of necessities seemed to rise even more steeply in 1969, and few wage-earners felt that they were better off than when the year began. An inflation sampler:
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...
Friedman is a man totally devoted to ideas?isolating them in pure form, expressing them in uncompromising terms and following them wherever they may lead. His basic philosophy is simple and unoriginal: personal freedom is the supreme good?in economic, political and social relations. What is unusual is his consistency...
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...
M.I.T.'s Paul Samuelson, a leading Keynesian economist, has complained that Friedman's students are "brainwashed" because they cannot stand up to their teacher in classroom discussion. But nobody questions Friedman's popularity on the campus; in addition to his 30 regular students, another 100 drop in to his classes...