Chicago-Friedman school
Jan. 23rd, 2021 08:29 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
prakapovich“This seemingly unstoppable drift toward statism is illustrated by the fate of the so-called Chicago School: Milton Friedman, his predecessors, and his followers. In the 1930s and 1940s, the Chicago School was still considered left-fringe, and justly so, considering that Friedman, for instance, advocated a central bank and paper money instead of a gold standard. He wholeheartedly endorsed the principle of the welfare state with his proposal of a guaranteed minimum income (negative income tax) on which he could not set a limit. He advocated a progressive income tax to achieve his explicitly egalitarian goals (and he personally helped implement the withholding tax).
Friedman endorsed the idea that the State could impose taxes to fund the production of all goods that had a positive neighborhood effect or which he thought would have such an effect. This implies, of course, that there is almost nothing that the state can not tax-fund!
In addition, Friedman and his followers were proponents of the shallowest of all shallow philosophies: ethical and epistemological relativism. There is no such thing as ultimate moral truths and all of our factual, empirical knowledge is at best only hypothetically true. Yet they never doubted that there must be a state, and that the state must be democratic.
Today, half a century later, the Chicago-Friedman school, without having essentially changed any of its positions, is regarded as right-wing and free-market. Indeed, the school defines the borderline of respectable opinion on the political Right, which only extremists cross. Such is the magnitude of the change in public opinion that public employees have brought about.
Consider further indicators of the statist deformation brought about by the intellectuals. If one takes a look at election statistics, one will by and large find the following picture: the longer a person spends in educational institutions, someone with a PhD, for instance, as compared to someone with only a BA, the more likely it is that this person will be ideologically statist and vote Democrat. Moreover, the higher the amount of taxes used to fund education, the lower SAT scores and similar measurements of intellectual performance will fall, and I suspect even further will the traditional standards of moral behavior and civil conduct decline.
Or consider the following indicator: in 1994 it was called a "revolution" and Speaker of the House, Newt Gingrich, was called a "revolutionary" when he endorsed the New Deal and Social Security, and praised civil rights legislation, i.e., the affirmative action and forced integration which is responsible for the almost complete destruction of private property rights, and the erosion of freedom of contract, association, and disassociation. What kind of a revolution is it where the revolutionaries have wholeheartedly accepted the statist premises and causes of the present disaster? Obviously, this can only be labeled a revolution in an intellectual environment that is statist to the core .. “
Hans-Hermann Hoppe : Natural Elites, Intellectuals, and the State
Friedman endorsed the idea that the State could impose taxes to fund the production of all goods that had a positive neighborhood effect or which he thought would have such an effect. This implies, of course, that there is almost nothing that the state can not tax-fund!
In addition, Friedman and his followers were proponents of the shallowest of all shallow philosophies: ethical and epistemological relativism. There is no such thing as ultimate moral truths and all of our factual, empirical knowledge is at best only hypothetically true. Yet they never doubted that there must be a state, and that the state must be democratic.
Today, half a century later, the Chicago-Friedman school, without having essentially changed any of its positions, is regarded as right-wing and free-market. Indeed, the school defines the borderline of respectable opinion on the political Right, which only extremists cross. Such is the magnitude of the change in public opinion that public employees have brought about.
Consider further indicators of the statist deformation brought about by the intellectuals. If one takes a look at election statistics, one will by and large find the following picture: the longer a person spends in educational institutions, someone with a PhD, for instance, as compared to someone with only a BA, the more likely it is that this person will be ideologically statist and vote Democrat. Moreover, the higher the amount of taxes used to fund education, the lower SAT scores and similar measurements of intellectual performance will fall, and I suspect even further will the traditional standards of moral behavior and civil conduct decline.
Or consider the following indicator: in 1994 it was called a "revolution" and Speaker of the House, Newt Gingrich, was called a "revolutionary" when he endorsed the New Deal and Social Security, and praised civil rights legislation, i.e., the affirmative action and forced integration which is responsible for the almost complete destruction of private property rights, and the erosion of freedom of contract, association, and disassociation. What kind of a revolution is it where the revolutionaries have wholeheartedly accepted the statist premises and causes of the present disaster? Obviously, this can only be labeled a revolution in an intellectual environment that is statist to the core .. “
Hans-Hermann Hoppe : Natural Elites, Intellectuals, and the State
