First of all, I don’t think the president has a great deal to do with keeping the economy going…
I think presidents have a great deal to do with keeping the economy from growing…
I think the economy is largely independent of the government, and what keeps it going is its own internal development.
However, you can short-circuit that internal development. If you impose very high taxes, and eliminate the incentive to innovate, to improve, to take risks, and do things, you’ll kill the economy. And that’s what’s happened over and over again in other countries around the world.
Milton Friedman on what presidents can do to increase the economic growth rate
28 Jun 2014 1 Comment
in economic growth, macroeconomics, Milton Friedman Tags: Milton Friedmand, The fatel conceit, The pretense to knowledge
Utopia, you are standing in it! 
Jun 28, 2014 @ 17:44:20
Very interesting. Sadly current economic dialogue is alien to most of Friedman’s concepts.
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