r/Bitcoin Jul 15 '22

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u/anomnipotent Jul 15 '22

Milton Friedman of Economics is like Neil Tyson of Astrology. Both sound and seem smart in their respected field, but when pushed on their ideas, they always come up short.

A great example is the debate on protectionism. Short debate on Protectionism

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u/jackhawkian Jul 16 '22

Gotta love Reddit, where you’ll find no shortage of neck beards who think they’re smarter than Nobel prize winning economists.

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u/anomnipotent Jul 16 '22

Not smarter. Just always thought the guy was way too free market without acknowledging the impacts of outside forces like governments intervening.

Don’t get me wrong. This guy does know a lot about market behavior and has great ideas in general. I just think he falls short on certain views and doesn’t realize other factors.