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minimum income programs have often come from market-oriented economists, such as with Milton Friedman's Negative Income Tax INTERVIEWER: Some of those debates
by davidmathers 17y ago
minimum income programs have often come from market-oriented economists, such as with Milton Friedman's Negative Income Tax
INTERVIEWER: Some of those debates became very, very heated. I think [Ludwig] von Mises once stormed out.
MILTON FRIEDMAN: Oh, yes, he did. Yes, in the middle of a debate on the subject of distribution of income, in which you had people who you would hardly call socialist or egalitarian -- people like Lionel Robbins, like George Stigler, like Frank Knight, like myself -- Mises got up and said, "You're all a bunch of socialists," and walked right out of the room.
http://www.pbs.org/wgbh/commandingheights/shared/minitext/int_miltonfriedman.html http://www.pbs.org/wgbh/commandingheights/shared/minitext/in...