friedman advocated for a strict monetary rule, influence on policy… nil ?
Did you not read the articles I linked? Strict in what sense, by advocating for the government to have complete control of the money supply?
I never said Friedman created or help create the FED. Obviously he couldn’t have if the FED was established in 1913 and Milton was born in 1912.
Milton Friedman also said this ; “A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.” The Counter-Revolution in Monetary Theory (1970)
Although I do see your point on the actual amount of influence he had, so I don’t think theres really more to discuss.
This 1-year old baby can play with an iPhone: http://www.youtube.com/watch?v=oZwKPDvYA2M. Maybe Milton Friedman did start the Federal Reserve. Conspiracy theory on the way…
Good day to you sir
Being “privileged” is meaningless. What matters is whether you make good use of it. As for inheritance, you made the money, you chose to give it to whomever it is you did, presumably your kid, who the hell is to say you shouldn’t? Particularly since that is the outcome of the person’s free decision-making and thus their most preferred outcome as demonstrated in action. Give Nozick’s Anarchy, State and Utopia a read as well as David Schmidtz’s Elements of Justice. Nozick is very solid on this issue. There’s another good book (by a non-libertarian incidentally, reviewed by David Gordon) by a philosopher who dissolves the whole notion of “luck” liberals like evoking.
I agree with Irenicus here.
Julius Caesar was privileged, but joined the Roman army in his 20s, put his life on risk, nearly died in dangerous battles, came back home, studied all the classics to mastery, become an expert orator in the Roman forum, and defeated all corruption in the Roman government before he even turned 40.
Barack Obama, an occasional paragon of upward mobility, reached the age of 48 after a life of a lecturer, a community activist, and an unpopular state legislator.
Are we thus going to say that because Obama started out lower than Caesar, his achievements are greater because we must take his background into consideration? 
