Thursday, November 16, 2006

There’s No Such Thing as a Free Funeral

Or
Milton Deadman

Or
Friedman-Free Market Principles
Kudos to Monty
This year the economic world mirrored Dark Crystal. Following the April death of Mystic John Kenneth Galbraith, this week Skekis Milton Friedman died, fittingly from problems with his heart, at the age of 94. The Rutgers University, University of Chicago and Columbia University alum was widely regarded as one of the two most important economists of the 20th century – the other being John Maynard Keynes, whose economic philosophies Friedman repudiated. Whereas Keynes advocated government spending and control of interest rates to avoid inflation, Friedman argued a free market was better able to resolve economic problems. While Keynes’ theories were credited with ending the Great Depression (with an assist from WWII), his mantle remained bare; however, Friedman won the 1976 Nobel Prize in Economics, and each year on the anniversary of winning the award, Friedman would take a leak on Keynes’ grave. In his later years, Friedman succumbed to reefer madness and last year was one of 500 economists advocating discussion of legalizing marijuana.

For two Pooligans, it was Friedman at last, Friedman at last, great God almighty, Friedman at last as Craig’s Seriously, Why Won’t You Just Die takes 3rd and Michelle’s Faster, Pussycat, Die! Die! takes 23rd.

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