From: david.lloyd-jones@canrem.com (David Lloyd-Jones)
To: cypherpunks@toad.com
Message Hash: 0175dd83b1b8a0e67e87e8f1a91c27f4c41e47140d65b95f6f31444069d7df8a
Message ID: <60.18079.6525.0C1C5F30@canrem.com>
Reply To: <199412261450.GAA25182@kiwi.CS.Berkeley.EDU>
UTC Datetime: 1994-12-28 18:18:34 UTC
Raw Date: Wed, 28 Dec 94 10:18:34 PST
From: david.lloyd-jones@canrem.com (David Lloyd-Jones)
Date: Wed, 28 Dec 94 10:18:34 PST
To: cypherpunks@toad.com
Subject: MILTON ON CSPAN
In-Reply-To: <199412261450.GAA25182@kiwi.CS.Berkeley.EDU>
Message-ID: <60.18079.6525.0C1C5F30@canrem.com>
MIME-Version: 1.0
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Adam Shostack <adam@bwh.harvard.edu> sez:
AM+| if you have cable, Milton Friedman will be discussing Hayek on CSPAN
+| (I'm not sure whether I or II, I think I) this Wednesday at 8.
On behalf of the Second International may I comment, without seeing
the show, but having read most of their books?
As far as Friedman and Schwartz are concerned they have made a good
career out of a simple insight, "inflation is always and everywhere a
monetary phenomenon".
When I was two and three years old being pulled around in a sled as my
parents organised the socialist revolution (during the war this
consisted of voting for the Commonwealth Party and opposing the
Communists; Conservative and Labour, the government, were both so
hated they were not in the game...) I was always told that inflation
was too much money chasing too few goods. Hmmm....
When I grew up I met people who had been two cells over from Hayek in
their filthy Austrian jail. Hayek kept on muttering: socialism leads
to fascism, socialism leads to fascism, return to previous two clauses
and repeat...
Social democrats, including my friend just down the corridor from
Hayek, thought that fascism resulted from chaos, stupidity, and lack
of social organisation. I support the Lions Club to this day, sing
Bingo for the Catholics; I support every farm co-op, not because I
think their economics is sound but because I think that neighbours
working together is something to be supported every time you see it.
* * *
What Milton says about Hayek on television will probably be clean,
appealing, rational, and clear to the minds of the very young.
Limited, however, in its use.
-dlj.
david.lloyd-jones@canrem.com
* 1st 1.11 #3818 * A piano is a piano is a piano. -- Gertrude Steinway
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