Tuesday, April 7, 2009

What I Have in Common with Larry Summers

I like this Larry Summers quote from Wikipedia. It turns out Larry and I have something in common - Milton Friedman is a hero to both of us.

Upon the death of his hero, libertarian economist Milton Friedman, Summers wrote an Op-Ed in The New York Times entitled "The Great Liberator" arguing that "any honest Democrat will admit that we are now all Friedmanites." Summers wrote that while Friedman made real contributions to monetary policy, his real contribution was "in convincing people of the importance of allowing free markets to operate."

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