Sen. Ron Johnson (R-WI) spent 31 years in manufacturing before his election to Congress last November. He’s not letting that experience go to waste. Johnson is out with a new video this morning to coincide with President Obama’s visit to Carnegie Mellon University in Pittsburgh to promote manufacturing. He criticizes Obama’s recent comments blaming inventions like the ATM for unemployment. “This is a depressing display of economic ignorance,” Johnson says. He adds: “Technological innovations create jobs. They drive our economy forward, by helping workers be more productive. That raises everyone’s …
Paul Krugman recently lamented the fact that in recent years, “manufacturing, once America’s greatest strength, seemed to be in terminal decline.” His analysis, though, misses the mark. He reached this conclusion because “in the 1990s, U.S. manufacturing employment was more or less steady. After 2000, however, it entered a steep decline. The 2001 recession hit industry hard, while the bubble-fueled expansion of the decade’s middle years — an expansion marked by a huge rise in the trade deficit — left manufacturing behind. By December 2007, there were 3.5 million fewer …
Milton Friedman spent his adult life advocating for choice and competition in a free market system. Schools were no different. In this video Milt advocates the use of School Vouchers because he assumes that competition is a way in which both public and private schools can be required to satisfy their customers. Why does he assume that? Because, as he states at the end of the video, “Competition is better than monopoly.”
Liberty lost one of its finest advocates this morning. Rose Director Friedman died of heart failure in Davis, Calif. She was thought to be 98. Rose was best known as the wife of Milton Friedman, the Nobel Prize-winning economist, who died in 2006. But Rose, an economist herself, was Milton’s intellectual partner. Together, they co-authored the international best-seller “Free to Choose” and other books. Together, they taught the world important lessons about economics and policy. Their life’s work improved the lives of millions around the world, and their lessons will …
Maybe the title should be: Are you smarter than Congress? Either way, all signs point to yes. Milton Friedman offers some very good and relevant advice in his interview with a 5th grader from 2003. [youtube]http://www.youtube.com/watch?v=MKke98eAfcQ[/youtube]
[youtube]http://www.youtube.com/watch?v=RWsx1X8PV_A&eurl=http://www.redcounty.com/washington/2009/02/milton-friedman-on-greed/&feature=player_embedded[/youtube]
