Milton Friedman(1912~2006)
Hell....I was so busy with my work back then that I didn't even know Mr. Friedman passed away on 16th of November. A highly revered economist from the Monetarist School of Thought, he had developed a complete theory arguing against the Keynesian School of Thought and government intervention on economies. It is said that Margaret Thatcher and Ronald Reagan adopted his theory during their reign and hence created economic revival at the U.K. and U.S. respectively. His death is certainly a great loss to the world of economics.
Having said that, not everyone is mourning his death. Somewhere in another corner of the world, at an insignificant country called Malaysia, a bunch of tongkat-ed craps, waving Keris, shouting and asking for more to be given to them. Certainly they never studied economics and don't even know who the hell Milton Friedman was. And hence they are blurred only by racial emotions and fail to see the vicious consequences ahead of Malaysia, should the government continues to intervene the market by subsidizing a certain bunch of people. If Mr. Friedman knew of this, he would certainly jump out of his coffin. Oh wait, or he never knew there exists a country called Malaysia?
2 comments:
Here's an interesting comment on his contribution to the worlds economics
http://www.theaustralian.news.com.au/story/0,20867,20777624-31478,00.html
Hahha Tze Win, your blog got spammed! Lol.
i know who keynes is! studied back in f6... not heard of this friedman dude but if he went against keynes, he must be a good man. he lived a good life i suppose :)
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