The University of Chicago announced plans to open the Milton Friedman Institute in honor of their most famous Nobel Prize winning faculty member. And then I read this in the Chicago Tribune
More than 100 professors signed a letter criticizing the naming of the institute after Milton Friedman.
And here I was, reflecting on Jonah Goldberg's book, wondering if liberals really were all that fascist. I apologize for doubting you Goldberg.
My favorite part of the faculty letter was that they claim Friedman's work and research has been to everyone's detriment...worldwide. Apparently Keynes is still believed to be a wonderful economist who helped people around the world. I'm sure he appreciates their thoughts while he's burning in hell.
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The Cato Institute's Schlock Doctrine podcast talks about the abuse of Friedman's ideas as well. There is a line from a foreword in a Friedman book that "disasters, real or perceived, are typically the catalyst for free-market liberalization" which some have taken to mean that Friedman supporting authoritarian military regimes like Pinochet in Argentina and other people "forcing" free-markets on the populace. Sad to see such clear academic dishonesty.
Where'd I get Argentina from? Chile is obviously where Pinochet did his work. There's a 20-page PDF with the podcast link that goes after the nonsense of the "Shock doctrine."
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