#miltonfriedman — Public Fediverse posts

Excellent topic, @pluralistic -- #Economism

"Before the rise of economism, it was common to speak of its subjects as "political economy" or even "moral philosophy" (#AdamSmith , the godfather of capitalism, considered himself a "moral philosopher"). "Political economy" implicitly recognizes that every policy has squishy, subjective, qualitative dimensions that don't readily boil down to math."

https://pluralistic.net/2024/09/18/falsifiability/

Love graphic - high preist
#MiltonFriedman @ Economism's altar #PoliEcon

@brianstorms

No argument here about the fallacy of “objectivism”.

I’m an advocate of the Lakoff “truth sandwich” and @jayrosen_nyu’s “stakes not odds” reporting

However, I think the bigger issue is massive corporate consolidation post-1980, advocated by #Reagan #Republicans but aided and abetted by “ #ChicagoSchool” #economists like #MiltonFriedman.

“Rational actors” - bah.
“Natural monopolies don’t exist” - humbug.