Life is Priceless: Only if You are an Incurrable Romantic

In this New York Times blog posting, Uwe Reinhardt, one of the most eloquent economists I have ever heard speak, tweaks Congress for its ignorance of the notion of opportunity cost and for a lack of understanding of the fundamental principles of policy making.  Furthermore, he provides a link to a marvelous discussion between Milton Friedman and a University of Chicago student that took place as part of the Free to Choose series in the 1970s.

Truth And Consequences 512

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