The recent hubbub about stimulus plans, socialism vs. capitalism, government takeover of corporations, etc. has got me thinking again about the value of the free market. Milton Friedman was one of the most important economists of the twentieth century. Not only did he think very clearly about the virtues of capitalism, he was a master at articulating those virtues. Here he is taking Phil Donahue to economics school in the '80's:
Key quote: "Is it really true that political self-interest is nobler somehow than economic self-interest?"
On a related note, one of my new favorite bloggers is the MetaLutheran of CЯЦISIИG DOШИ ТНЕ СОДST OF THE HIGH БДЯБДЯEE. He understands economics much better than me. Here is a great example of one of his posts on our current economic situation.
Update: This is actually from 1979. My good friend Trent Hunter has more videos from this interview, along with some commentary.
Today markes the seventh anniversary of the 9/11 attacks. Here is one of the most tragic and revealing videos about the horrors of that day. It is not graphic, but I do not advise you to watch it if seeing real-life tragedies upsets you.
For more on the identity of one of the jumpers, see here.
