Milton Friedman: why are they using shovels instead of bulldozers? Chinese planner: to employ more people. Friedman: they why not give them spoons instead?https://twitter.com/voxdotcom/status/1066047487218237443 …
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Friedman and the other Chicago types never really grappled with HBD. Going back and reading/watching his work is hard when you realize that the analysis of human potential is missing.
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A few very specific political topics aside, it's far easier to tell the truth in China than in the Western world today.
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... They totally underestimated how much prog devastation had crippled Western economies. "Free markets" as a late 20th century American thing -- there aren't enough LOLs.
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not on that topic, for sure.
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