Vinod's Blog
Random musings from a libertarian, tech geek...
Friday, June 10, 2005 - 03:38 PM Permanent link for Why I love Uncle Milt
Why I love Uncle Milt

90+ years old and still sharp as a knife.   In this case, he answers a question I've been hit with many many times -

San Francisco seems an unlikely home for the man who in 1962 first proposed the privatization of Social Security.

Asked why he dwells in liberalism's den, Milton Friedman, 92, the Nobel laureate economist and father of modern conservatism, didn't skip a beat.

"Not much competition here," he quipped.

"The people I see in the Safeway don't go around yelling, 'I'm a left wing Democrat,' even if they are," he said. "This is a very nice city to live in."

Heh.   For me, there are also a few other things - 1) it's still the capital of the tech biz ; 2) for all it's elitist, snobbish warts, SF is a fun place to live if you can (just barely manage to) afford it; 3) it's a great place if you're a self indulgent, single yuppie (which I am).  I suspect that Uncle Milt's pocketbook probably puts him deep in Bonfire of the Vanities "insulate, insulate, insulate" territory which is a different sort of argument.

On private vs. public SocSec -

"Everybody goes around talking about the problems created by the declining number of workers per retiree," he said. "How come life insurance companies aren't in any problem?"


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