http://blogs.newretirement.com Covering retirement, financial, tax and political topics relevant to people planning for or living in retirement Tue, 09 Mar 2010 23:43:15 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 http://blogs.newretirement.com/2009/03/03/milton-freedman-on-greed/ http://blogs.newretirement.com/2009/03/03/milton-freedman-on-greed/#comments Tue, 03 Mar 2009 21:33:40 +0000 Steve http://blogs.newretirement.com/2009/03/03/milton-freedman-on-greed/ Dusting off some Milton Friedman from 1979 on Phil Donahue.   Worth watching to get his perspective on how self interest and greed can drive positive change.     I don’t think that taxing wealthier investors and businesses and giving those resources to bureaucrats to use is going to fix our current situation.   We need to innovate our way out of this mess and get people incented to invest and work hard vs. hunker down just focus on how to protect their dwindling assets and resources. (Some redistribution of wealth is probably required, but at a certain point it’s counter productive – see Laffer curve

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