Patrick Byrne

@PatrickByrne ↗

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Last Checked Feb. 25, 2023

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Fri Sep 20 03:20:45 +0000 2019

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Patrick Byrne @PatrickByrne

@JT_ZLC @CubicleWarrior_ At the end, Friedman got closer and closer to Hayek, at least in terms of policy prescription. That is why they were big together in the Pelerin Society. — PolitiTweet.org

Posted Sept. 20, 2019 Hibernated

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Patrick Byrne @PatrickByrne

@JT_ZLC @CubicleWarrior_ Thanks. Friedman was an antagonist of socialism. However, as a young man working for USG he designed the system of tax withholding, and as a monetarist he did envision government mandarins "managing" the economy. But he grew to favor very simple management (e.g. "Taylor Rule"). — PolitiTweet.org

Posted Sept. 20, 2019 Hibernated

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Patrick Byrne @PatrickByrne

@JT_ZLC @CubicleWarrior_ My taxonomy for economists: They are either conceited about the role government mandarins can play, or humble about it. If conceited, they are Keynesians (mandarins manage through fiscal policy), or monetarists (mandarins mange through monetary policy). If humble: Austrians. — PolitiTweet.org

Posted Sept. 20, 2019 Hibernated