Reblogged from Unlearning Economics:
Milton Friedman is quite a revered figure - among economists, conservatives, libertarians and some leftists - partly, of course, because he was a prolific economist, but also in large part due to his debating skills. He is generally perceived as able to shut down arguments from the left with simple, easy to understand, often amusing one liners. However, I have always found him unconvincing, and here I hope to show why.