Wednesday, June 3, 2009

Milton Friedman, Nobel prize winning economist back when that meant something academic and not political, put out a series called Free to Choose in 1980. In this series he explains and illustrates basic economic principals in terms easy to understand, and impossible to contradict.

I was listening to this episode (#9 Inflation) on my mp3 player during my bike to work this morning, and considering its implications with respect to where we find ourselves today. Principals are timeless and constitute tools for us to use in navigating reality regardless of prevailing sentiments.

I strongly encourage you to watch this episode, and when you hear contradictory information evaluate it against this standard.