WHY GOVERNMENT DOESN’T WORK, NO MATTER WHO RUNS IT
LESSON I
In 1980, Nobel prize-winning economist Milton Friedman and his equally brilliant economist wife Rose produced a 10-part PBS series and an accompanying book about the benefits of economic liberty called Free to Choose . (Both the series and the book have been recommended in this magazine before and cannot be recommended often enough.) Among the many displays of genius in Free to Choose was a simple box graph proving that, mathematically, there are only four ways that money can be spent. There are only two kinds of money: The money that belongs to you and the money that belongs to other people. There are only two ways to spend money: on yourself or on others. And 2 X 2 = 4.
By P.J. O’Rourke
28
April 2019
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