Dittos Rush!

DITTOS RUSH! Contemporary media musings bestowed by an American conservative Christian!

Wednesday, August 1, 2012

Milton Friedman: Soft hearts and soft heads!

"One of the great mistakes is to judge policies and programs by their intentions rather than their results....the people who go around talking about their soft heart...often this softness extends to their head as well. The fact is that the programs that are labeled as being for the poor and for the needy almost always have effects exactly the opposite as their well intentioned sponsors intend them to have...."

Milton Friedman (July 31, 1912 -- November 16, 2006) was an American economist, statistician, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. A survey of economists ranked Friedman as the second most popular economist of the twentieth century behind John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century...possibly of all of it."

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