Posts tagged with: friedman

milton_friedman2The Book: Milton Friedman: A concise guide to the ideas and influence of the free-market economist by Eamonn Butler

The Gist: As the subtitle suggests, this short book provides a concise overview of the ideas and influence of the late economist, Milton Friedman

The Quote: “[T]he supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number—for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs–jobs that will mean more goods and services to consume.”

The Good: The book includes numerous direct quotes from Friedman . . .

The Blah: . . . but far too many of the quotes are taken from an interview in Playboy magazine rather than from Friedman’s own writings.

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Tom Friedman asks in today’s NYT, “Why doesn’t every college make it a goal to become carbon-neutral — that is, reduce its net CO2 emissions to zero?” (TimesSelect subscription required)

I’ll give an initial possible answer: they already have enough to worry about with double-digit tuition increases practically every year without adding such costs.

More about tuition inflation here, such as this, “On average, tuition tends to increase about 8% per year. An 8% college inflation rate means that the cost of college doubles every nine years.”