MILTON FRIEDMAN

...The handkerchief-size banner exemplifies for Friedman a great, sad truth — that good intentions often go astray because attempts to accomplish them are ill conceived...

...Friedman is a holy terror in debate...

...Everybody keeps talking about Nancy, the small town girl who went to the city to find her fame and fortune, big deal...

...The blame resides not with the pupils who often work very hard — especially Mr...

...With a little coaxing, Rose will pull out for visitors an out-of-focus snapshot of her husband wearing a grey sweatshirt with Adam Smith's likeness stenciled on the front...

...steel has failed the market test...

...Thus, Friedman is too much of a purist to be much of a politician...

...The kids who don't go to college are going to pay taxes to support colleges, but the kids who go are going to wind up with much higher incomes...

...However, should the backward mentalities of the journalism department or any other regnant jurisdiction prove recalcitrant, George Washington Plunkitt has proposed an Alternative design for making press-bombing a Big Ten Sport...

...As a result, Friedman says, massive federal programs, such as those intended to help the poor, invariably become mild to miserable failures...

...THE GRADUATED INCOME tax is a fake...

...Reprinted with special permission from the Chicago Daily News...

...That's right...

...The ineffable wisdom of his proposal commends itself to immediate acceptance...

...I think we ought to help the poor indiscriminately...

...Small, athletic, intelligent, he has flitted over his field, plucking ideas from left and right, leaving opponents floundering...

...The relationship is that of policeman to criminal...

...Faithful to our purpose of sharing the Promethean fire of SUPERIOR INTELLIGENCE with all mankind, our associate, X. James Bopp, will from his infinite wisdom soon offer a sagacious design for liberating the Daily Stupid and operating it independently...

...He affects people that way, according to Rosten, because of one unforgivable sin: "Fenwick is a man who goes around being logical...

...He believes in floating exchange rates for currencies, instead pf the present pegged rates...

...Says Goldwater now: "The President would be better off if he listened more to Milton Friedman and less to those Keynesian economists he surrounds himself with...

...Rather than contriving the innane doodlings appearing in the Stupid, journalism pupils might better spend their time pursuing an actual liberal arts education and stretching their legs outside the Ernie Pyle Tabernacle...

...Public housing, for instance, was instituted in the '30s with three objectives: to improve the housing conditions of the poor, to give the poor a sense of pride, and to reduce juvenile delinquency...

...But if you don't like the way the federal government is run, you don't have much choice...

...If you took a poll of experts in international economics, you would find 80 per cent of them favoring floating exchange rates as a result of Friedman's influence," commented economist Paul A. Samuelson...

...Ed...

...SOLUTION — "Replace present forms of welfare, including Social Security, the farm program and public housing, with a negative income tax so that the poor would receive — not pay — taxes with no strings attached...

...Washington Star Syndicate, Inc...

...And, if you work after age 65, you get the benefit of this plus Social Security...

...Friedman was disappointed by the margin of Goldwater's defeat, although he says he never really expected the then-Arizona senator to win...

...He was an unofficial economic adviser to ex-Senator Barry Goldwater during the 1964 campaign...

...Her Mother lay on the bed heardly breathing looking very pail...

...OK, public housing is a total failure, but you don't have people say we ought to abolish public housing...

...FLOAT NORTH AMERICAN ZEPPELIN North American Zeppelin will float you direct to the Paris Negotiations...

...SOLUTION — "End the 'scandal' of state - supported higher education and establish a system of statebacked loans that successful students would repay with a percentage of their earnings above a certain amount...

...We now have fixed exchange rates, pegging free world currencies to the U.S...

...FLOATS LEAVING REGULARLY FROM OUR LUXURIOUS HOOKS IN MOUNT WELLSEY NORTH DAKOTA Call 332-9172...

...Thus, he never gives an opponent the satisfaction of making him back down...

...It should incorporate, function as an independent newspaper, and hire pupil writers who have something to say, who say it well and who say it accurately...

...Thirty-five years ago Rochester University president Wallis prophesized "If there is anybody in our generation who will rank among the greats of economics — the Adam Smiths — it will be Milton Friedman...

...This is because education is provided by the government...

...As Karen stood beside her mother's tomestone and looked down at the flowers, already starting to wilt she couldn't help but be a little glad, for her own sake and her mothers that she was gone...

...He says something immensely popular ("Taxes should — and could be — lower"), then he adds something that simply infuriates the masses ("Kill Social Security...

...I'll call the doctor...

...but he's clean) and reverent...

...If you don't like the way Illinois is run, you can move to another state...

...Come Ye then to 319 N. Walnut CAFE LA TORTILLA Corner of Kirkwood and Grant MEXICAN CUISINE • Tostados • Tacos • Enchillados • Tamales • Burritos • Chili • Roast Beef Sandwich Also Mexican Crafts For Sale 12 PRESS-BOMBING — Continued from Page 2 be greatly abbreviated...

...Yes, yes everybody knows and I'm tired" she thought, tired of living this way & of being so good of being beyond all doubt, 'that nice little girl who had such a terrible start in life.' Now as Karen walked into the bedroom that was her mothers she put on a bright happly smile and prayed her mother would not keep her too long...

...But most people who know the University of Chicago economist personally agree with his old college chum, Leo Fosten, that Friedman epitomizes the Boy Scout credo: "trust-worthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, (great Scott...

...SOLUTION — "Do away with the military draft in favor of a well-paid volunteer army that would place the burden of support on the public instead of the soldier...

...He is the leading exponent of the "Chicago school of economics," which holds the laissez faire line...

...Why should we have tax-free investments...

...Unfortunately prolonged exposure to the effluvium of the journalism school seems only to cultivate the most repugnant arrogance...

...THE MILITARY DRAFT is a form of unfair tax...

...The world has moved his way," Samuelson says of Friedman, with notable lack of enthusiasm...

...This little giant, who found economics as fissionable as other matter studied on the Midway, scurries around his book-walled office, alights on his old-fashioned swivel chair, rocks slowly, gestures with his arms and counts off points on his fingers until they are all used up...

...Now she to could be a somebody, go away and start all over forget everything about the rotten gloting little town, (sic) Floral Co...

...Why should we tax the poor young to help the old rich...

...Why should it, for example, take precedence over other kinds of research . . . medicine, or economics, or Chaucer, or anything else...

...The real cost of conscripting a soldier who would not voluntarily serve on present terms is not his pay and the cost of his keep...

...You can be a screaming liberal when he starts talking," said one young admirer, "and when he finishes you're not too sure...

...The effect, in each case, has been exactly the opposite...

...This implicit tax in kind must be added to the explicit taxes imposed on the rest of us to get the real cost of our armed forces...

...he's not prudent if he exercises that right because the truth is that he can't keep the poor from getting around it anyway...

...We have to think harder now...

...Friedman's acquaintances recognized him as the "Fenwick" in a Rosten column in Look magazine: "Fenwick is the most unpopular man on our block...

...He is concerned with ideals instead of practical expediencies...

...Conservatives want to conserve, but we want to change almost everything," explained his wife, Rose, also an economist...

...SEE: Cyrus Vance besot himself in exalted diplomacy with the pajama-clad primates of the stagnant East...

...Former U.S...

...Friedman is respected almost as much on the liberal left — sometimes a "watch-out-or-he'11-get-you" kind of respect — as he is on the conservative right where his thought largely resides...

...He can have a sense of fulfillment...

...Why should the city or state provide the school, even if it does finance it...

...I have seen Sunday school teachers with unblemished complexions and account executives with split-level ranch houses throw conniption fits at the mere mention of Fenwick's name...

...People can't stand him...

...dollar...

...He even uses reason in discussions, and all of the time...

...Senator Paul H. Douglas, himself once an economics professor at the U. of C, commented: "Friedman has given the right a dignity that is a healthy influence on us liberals...

...He dabbled seriously in politics only once...

...MILTON FRIEDMAN Friedman: The Adam Smith Of Our Time by Rob Warden Ivy League students who have heard Keynesian professors condemn Milton Friedman's ideas think Friedman must be a kind of ogre who would take away a medicare patient's crutches...

...Yeah, come on," If I wouldn't have said yes he would have come anyway she thought to herself...

...Friends as well as foes of the internationally known Chicago economist make a point of his "overkill" tendency...

...WE HAVE A MESS in public education because, parents have no effective way of registering their protest about the quality of the schools except through a political process that is very time consuming...

...SEE: Averell Harriman continue his thirty year career as an international imbecile...

...If I were asked in what respect the Negro in Chicago is most disadvantaged, I would say in the education he is able to provide for his child...

...He opposes the economic philosophy that has held the upper hand in this country for three decades — the late John Maynard Keynes' advocacy of fiscal and monetary control by government to create employment...

...Why should contributions to churches, foundations and institutions be tax deductible...

...600 includes round trip ticket and civilized accommodations for first three years...

...he's got the moral right to tell the poor what to do with the money, but he's a fool...

...Hay over there," Doug the hometown basketball star yelled to Karen interrupting all line of thought "can I come over...

...SOCIAL SECURITY is a means of taxing the poor for the benefit of the rich...

...It takes a long time for old ideas to disintegrate...

...At the U. of C, center of liberalism, Friedman expounds conservatism, although he detests being categorized as a conservative...

...There are too many loopholes, too many ways for the rich to avoid paying taxes...

...Yet ideologically they are as far apart as Grant and Lee...

...I do not know how Mary effects you, but she makes me feel like Maxwell Perkins...

...Balough's colleagues — but with the primitive approach of the journalism department...

...Why should interest payments be deductible...

...Students who jeered him before a lecture at Stanford University cheered him when it was over...

...Moreover, he does not see a Communist under every bed, as many people — perhaps wrongly — imagine stereotyped conservatives do...

...If the Stupid is ever to rise even to the level of pornography it must wriggle free of the department's diseased clutches...

...Have you ever come away from talking with a member of the Stupid staff without experiencing the ineluctable sensation you have just partaken in the Beatific Vision...

...It is best for the nation that some of the men and capital resources devoted to producing steel be devoted to more useful pursuits — perhaps producing some of the products we shall then export in return for the steel we import...

...He believes gold should be regarded as just another commodity, and its price should be freed to seek whatever level supply and demand would determine...

...Hi, Karen," he said rather flatly sitting down beside her, "Where have you been keeping yourself lately, Gosh I didn't think you'd miss my game friday night...

...UNDER THE PRESENT welfare system, we have established a relationship demeaning to the welfare worker and destroying to the welfare recipient...

...SOLUTION — "End the 'monopoly' of public education and divide the school tax-take evenly among children by issuing vouchers that could be used to pay tuition at any approved school — the principle of the GI Bill...

...The main thing about the system is that it redistributes income from the young — rich or poor — to the old — rich or poor...

...Friedman is the champion of the worldwide free market...

...Friedman, in fact, "scares hell out of most businessmen," said an East Coast colleague...

...And, by restricting the number of acres a farmer may plant, the program induces farmers to produce just as much on fewer acres...

...Hold on Mother everything will be alright...

...It takes a long time for new ideas to penetrate...

...Certainly the journalist's craft will not suffer from acquiring the historical awareness which comes from readings in history, philosophy and science, and he can only write precisely about people if he knows them...

...If you are poor, you start to work earlier in life, yet your life expectancy is shorter...

...Such an enterprise would do more than offer its audience fine writers...

...People say that if the taxpayer is going to support the poor, he ought to make sure that it isn't spent on booze or drugs...

...Have you ever heard a space scientist tell you what might have been invented if they had not diverted people who might have been working on another problem...

...As presently constituted, the Daily Stupid is nothing more than a poorly written bulletin board...

...WHEN ONE PROGRAM fails, the government piles another program on top of it...

...And he shatters the view that conservatives are against common men and for businessmen...

...SPACE — TAKE THE space program...

...It partly has a direct military application, and that part of it ought to be in the defense budget...

...He believes in the unilateral elimination of all tariffs between countries...

...His name is constantly before the public — as author and subject of other authors, as lecturer, debater and guest on television talk shows, as international voyager whose economic jargon influences world governments...

...STATE-SUPPORTED higher education is an absolute scandal...

...There have been a few disappointments," says Friedman's wife, Rose, "because we don't expect things to change overnight...

...Continued on Page 10 4 Escape by Mary Qwaint Recently Mary sent me this truncated story informing me she is "playing with kinetic thought" (probably a big ugly guy with a scar...

...it would develop public relations men, administrators, salesmen, and, for its president, ulcers...

...But over and beyond this I see no justification whatsoever for government spending (roughly $10 billion a year) on the — Continued on Page 11 10 FRIEDMAN — Continued from Page 10 space program...

...The revenue collected from taxes above the 20 per cent level amounts to very little — less than $5 billion a year...

...Karen slowly got up thinking of Nancy & how she'd been brave enough & wise enough to leave the small cyncal town...

...THE FARM PROGRAM is a free lunch for rats and mice...

...All that happens is that the poor spend the money in the approved way, then take the proceeds and sell them...

...The town where everybody knows her mom is an alcoholic and everybody knows she was concived by an affair with David the banker's brother from out of town...

...A sample of his real form, from one of the columns he writes once every three weeks for Newsweek: "If steel can be purchased at a lower price from foreign than from domestic producers, then U.S...

...Friedman, 55, a University of Chicago professor, is the Peter Pan of world economics...

...He makes errors," commented University of Rochester president W. Allen Wallis, another prominent economist and colleague of Friedman, "but he usually detects them first and corrects them...

...When you put that kind of money into the space program you divert people from other activities...

...If you don't like the way Chicago is run, you can move to another city," Friedman said...

...I'm sorry but mother was ill and now if you'll excuse me mother is calling me...

...Friedman: Knight Of Economic Chessboard A red, white and blue banner on Milton Friedman's office wall proclaims: "Be American, Buy American (Made in Japan...

...The Friedmans live on the 15th floor of Dorchester Towers, 5825 S. Dorchester, near the university...

...332-7201 FRIEDMAN — Continued from Page 4 Rose, herself an economist, is the sister of Aaron Director, another well-known economist and close associate of Friedman...

...Flowers For Every Occasion 304 E. 5th Ph...

...The subsidies also encourage poor farmers to keep trying to eke out a living when they could earn more and contribute more to society by moving to the cities...

...SOLUTION — "Replace the graduated income tax with a flat rate and eliminate all the present loopholes that the rich take advantage of and the poor don't know about...

...It is the amount of money for which he would be willing to serve...

...Their apartment, furnished in Danish modern, with a Brueghel print over the fireplace, overlooks Lake Michigan and the Museum of Science and Industry, which Rose likens to the Parthenon at night...

...Hello, mother, I heard you calling is there something special you want, or well, what is it, what's wrong with you...

...YE OLDE REGULATOR Are Ye 21 & Do Ye Appreciate Noble Cocktails, Beer & Sandwiches...

...When a man is forced to serve, we are in effect, imposing on him a tax equal to the difference between what it would take to attract him and the military pay he actually receives...

...Yeah, sure, yeah...

...No, what you have is people saying 'of course, the idea is right,' so they go on to urban renewal as an alternative...

...He doesn't even curse — Continued on Page 12 11 FRIEDMAN — Continued from Page 11 vile subversive plots such as fluoridated drinking water...

...A colleague noted, however, that "Milton's estimate of the probability of victory was considerably different from the odds offered in Las Vegas...

...Samuelson has know Friedman since the 1930s when both were students at the U. of C. Today both are college professors (Samuelson at the Massachusetts Institute of Technology), both write columns for Newsweek magazine and both are generals of modern economics...

...He holds most staunchly the conservative view that governmental services, so far as possible, should be provided locally — as close to the taxpayer as possible...

...Big Deal...