korrents

Our readingWhat is a korrent?

Friedman's universal minimum income went nowhere precisely because it was pure and free of moral judgment, which made it beautiful and politically impossible.

Drawn from what Jennifer Burns said

What these subjects mean

economists The economists themselves and the schools they founded -- Smith, Mill, Keynes, Hayek, Friedman -- rather than any one economic question.

fiscal policy The spending-and-taxing half of macro, as against the central-bank half: multipliers, stabilisers, stimulus.

politics How people actually hold political views: tribes, partisanship, and whether anybody reasons their way in.

What Jennifer Burns actually said

  1. Jennifer Burns Historian of ideas at Stanford University and the Hoover Institution
    And Friedman advanced a policy that was really abstract and really it was devoid of judgment. It was pure and beautiful in that way but utterly impractical.

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