dpt said:
I suggest reading the book also before commenting on it.. and did you know milton personally ? first name and comments on his personality..
Do I need to?
I never met him but I have read a number of his books, online interviews and watched many of his Free to Choose series on video. As a schooler I greatly respect his contributions to the field of economics which are vast.
His 'Monetary History of the United States' is monumental scholarly accomplishment, as is his refinement of the 'quantity theory of money' and his alteration to Keynes 'consumption function'
While Keynes ruled the first half of the 20th century, Friedman most certainly ruled the second. And for the record I doubt it most people on here, including Naomi Klein have as in depth knowledge on him as I do.
And its obvious she has a few things wrong about him because from watching her speak directly about Milton Friedman on You Tube when discussing her new book, she is clearly warping things, especially his influence in Chili which is made out to be disaster shock therapy.
I don't need to read the book to already know these aspects. She lacks academic understanding in economics and she makes references to Keynes and calls for a return to the Keynesian paradigm without realizing there are some genuine problems in Keynes work and advancements have been made since then.
Indeed I am a conservative Post Keynesian, my economic philosophy is strong mix of Keynesian and Monetarist economics, being influenced greatly by both these men, I know where Keynes is wrong (Naomi doesn't seem to be) and I know where Milton over exaggerates Government causing harm (crowding out), which Naomi focuses on but doesn't seem to understand that he has legitimate reasons to support his position.