on market effects; Friedman on helping those in need
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June Zaccone
12:14 PM (5 hours ago) 12:14 PM
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The Milton Friedman Question good rundown on results of market dominance. below, a comment: https://www.nakedcapitalism.com/2025/09/the-milton-friedman-question.html#comment-4290669
Michael Hudson: Milton Friedman was indeed a propagandist. Toward that end, he
invited my then-boss, Herman Kahn, to join the UI/Chicago faculty around
1975. Herman was himself a great ideological salesman. (I learned a lot
from him.)
When Herman and his wife Jane met with Friedman, Jane asked whether
there weren’t some services that were appropriate for government — such
as protecting widows and orphans, or sick in need of medical help.
Friedman replied: “Mrs. Kahn, why do you want to subsidize the supply of
widows and orphans, or the sick?”
Herman decided not to go to Chicago, despite his ideological sympathy with Friedman.
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