American Elephants

The Most Persistent Economic Fallacy of All Time by The Elephant's Child
March 26, 2013, 10:53 pm
Filed under: Capitalism, Economy, Freedom, History, Taxes, The United States | Tags: ,

Milton Friedman, lecture in Erie PA 1978

We are troubled by economic fallacies that seem so reasonable, yet just don’t work. Milton Friedman was wonderful at explaining with great good humor just why they are fallacy. Thank goodness so many of his lessons have been preserved.

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