The presidential campaign of Bernie Sanders is about to come to an end. Unfortunately, though, the Democratic Socialism espoused by Sanders will live on long after his presidential ambitions have faded.
This type of socialism is nothing new, of course. For more than a century free market economists have been warning of the dangers of succumbing to the economic fallacies of democratic socialism. A prime example is the late, great Milton Friedman. Although he’s been gone for a decade, Friedman is still able to provide a solid rebuttal to Sander’s economic ignorance.