Friedman on Greed

Thanks, dad, for this link. I am having a bit of a libertarian weekend this weekend, mainly as a result of two factors. First, I finished a book called Random Family, by Adrian Nicole LeBlanc, who spent 11 years living in the Bronx with an extended family of the urban poor. These are the people who actually need government’s help — WIC, welfare, etc. — and I was reminded of the importance of personal responsibility (and birth control). Second, I had lunch with a friend who’s wife is applying for reisdency, and was reminded of the medieval, stratified, and secretive match system, which was originated and promulgated by the American Medical Association as a way of keeping doctors’ salaries high. I remember first reading about the AMA in Friedman’s Capitalism and Freedom. See a more recent take on the AMA here:

http://www.reason.com/news/printer/135682.html