“We will not solve our problem by electing the right people. We will only solve our problem by making it politically profitable for the wrong people to do the right thing.” — Milton Friedman.
He was one of the greatest economists of the 20th century not just because of his academic contributions but also because he was tireless in his public outreach. Unlike his colleagues whom he greatly respected, such as Friedrich Hayek and James Buchanan (both amazing scholars) who did not address the general public, Friedman patiently explained economics to everyone who cared to ask him.
It is never too late to start learning from his books and lectures about how to think about public policy. Here’s an excerpt from one such Q&A session:
Continue reading “For Wrong People to do the Right Thing”
Life is a Random Draw 