Quote of the Day: “Well first of all, tell me: Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you’re talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. If you want to know where the masses are worst off, it’s exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.” Milton Friedman
After 250 quotes from the great Thomas Sowell, I think it’s time to move on to another two of my heroes – Milton and Rose Friedman. This rather long quote from him perfectly sums up his case for the free-enterprise system. Enjoy.
There used to be a regular (but not too regular) feature on Page A2 of TheRecord called “Corrections”. It obviously pointed out problems with past articles and properly and promptly correctly them. Unfortunately, I didn’t find the correction to the fact that the Sudoku on Page A2 from Saturday was is an exact duplicate of the Sudoku on Page A2 from Friday. Either the Editors at TheRecord missed this obvious mistake or they just don’t care. Useless.