"It comes from a very ancient democracy, you see ...the people are people. The leaders are lizards. The people hate the lizards and the lizards rule the people........ if they didn't vote for a lizard," said Ford, "the wrong lizard might get in. Got any gin?""
Douglas Adams, So Long and Thanks for All the Fish, 1986
Thursday, March 14, 2013
Milton Freedman on the Most Persistent Economic Fallacy of All Time
This is Milton Freedman on the fallacy that Economics is about money. Economics is about production and when the government takes money from the productive sector of the economy and spends it, it is not growing the economy.
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