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by devonkim 2693 days ago
Milton Friedman was also a staunch supporter of social safety nets as well as free markets. Anyone that supports free markets and Friedman’s ideas should try to understand why he supported them together ardently. I consider myself both a supporter of actually free markets along with very generous safety nets for the non-winners of such an aggressive business climate. Otherwise, we quickly approach a literal meat grinder of humans and loss of human potential is unfortunate no matter what the economic system.

https://www.nytimes.com/2006/11/23/business/23scene.html

1 comments

But Negative Income Tax has actually been tried and it didn't produce quite the results that people were hoping for.